The Dow Market Happenings For Friday, March 4, 2016

Dow stocks at 52 week highs include Verizon (VZ).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +15 points.

Thursday the Dow was up +44.58 (+0.26% at 16,943.90.

Year-to-date the Dow is down -2.76%.

There were 15 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Caterpillar (CAT) +3.42% and Disney (DIS) +1.88%.

The Dow stock losers Thursday were led by McDonald’s (MCD) -1.51% and Microsoft (MSFT) -1.13%.

Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans. The 242,000 employment gain followed a 172,000 rise in January that was larger than previously estimated. The jobless rate held at 4.9 percent as people entered the labor force and found work. Average hourly earnings dropped, the first monthly decline in more than a year, and workers put in fewer hours.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up seven-tenths of a cent at $1.811 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is down -3.57% year-to-date.

Financial Calendar

0730 ET Feb Challenger job cuts, Jan +41.6% y/y.

0830 ET Weekly initial unemployment claims expected -2,000 to 270,000, previous +10,000 to 272,000. Weekly continuing claims expected -3,000 to 2.250 million, previous -19,000 to 2.253 million.

0830 ET Revised Q4 non-farm productivity expected -3.0%, previous -3.0%. Revised Q4 unit labor costs expected +4.3%, previous +4.5%.

0830 ET USDA weekly Export Sales.

0945 ET Revised Feb Markit services PMI expected +0.2 to 50.0, preliminary-Feb -3.4 to 49.8. Revised Feb Markit composite PMI, preliminary -3.1 to 50.1.

1000 ET Feb ISM non-manufacturing PMI expected -0.4 to 53.1, Jan -2.3 to 53.5.

1000 ET Jan factory orders expected +2.1%, Dec -2.9% and -0.8% ex-transportation.

1045 ET Dallas Fed President Rob Kaplan delivers a speech at the University of Texas in Austin.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $23 billion) and 30-year T-bonds (previous $15 billion) to be auctioned Mar 8-10.

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