The Dow Market Happenings For Friday, July 8, 2016

Dow stocks at 52 week highs include Chevron (CVX), General Electric (GE) and Exxon Mobil (XOM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +115 points.

Thursday the Dow was down -22.74 (-0.13%) at 17,895.88.

Year-to-date the Dow is up +2.70%.

There were 16 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Goldman Sachs (GS) +0.98% and Intel (INTC) +0.70%.

The Dow stock losers Thursday were led by Verizon (VZ) -1.56% and Chevron (CVX) -1.46%.

The US economy added 287,000 jobs in June, beating the 180,000 expected by economists. This was the biggest jump in payrolls in eight months. However the unemployment rate climbed to 4.9% from 4.7% in May. This was largely due to the 414,000 people who entered the US labor force, which brought the labor force participation rate up to 62.7% in June from 62.6% in May.

McDonald’s (MCD +0.24%) said it sees a Q2 pretax charge of $235 million, or 20 cents a share, on re-franchising and G&A programs along with the move of its corporate headquarters.

United Technologies’ (UTX +0.58%) Pratt Unit was awarded a contract by the U.S. Navy valued at $1.5 billion for 99 total engines for the Martin F-35 Lightning II aircraft.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is down six-tenths of a cent at $2.252 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reports earnings on 7/14/2016 before the market open.

IBM (IBM) reports earnings on 7/18/2016 after the market close.

Goldman Sachs (GS) reports earnings on 7/19/2016 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/19/2016 before the market open.

UnitedHealth (UNH) reports earnings on 7/19/2016 before the market open.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close.

American Express (AXP) reports earnings on 7/20/2016 after the close.

Intel (INTC) reports earnings on 7/20/2016 after the close.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is up +4.12% year-to-date.

Financial Calendar

0830 ET Jun non-farm payrolls expected +180,000, May +38,000. Jun private payrolls expected +170,000, May +25,000. Jun manufacturing payrolls expected -1,000, May 10,000. Jun unemployment rate expected +0.1 to 4.8%, May -0.3 to 4.7%.

0830 ET Jun avg hourly earnings expected +0.2% m/m and +2.7% y/y, May +0.2% m/m and +2.5% y/y. Jun avg weekly hours all employees expected unch at 34.4 hours, May unch at 34.4 hours.

0830 ET USDA weekly Export Sales.

1500 ET May consumer credit expected +$16.000 billion, Apr +$13.416 billion.

n/a G-20 trade ministers meet in Shanghai.

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