The Dow Market Happenings For Friday, September 2, 2016

Dow stocks at 52 week highs include Intel (INTC).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +9 points.

Thursday the Dow was up +18.42 (+0.10%) at 18,419.30.

Year-to-date the Dow is up +5.71%.

There were 16 Dow stocks up Thursday .

The Dow stock winners Thursday were led by Wal-Mart (WMT) +1.96% and Nike (NKE) +1.84%.

The Dow stock losers Thursday were led by American Express (AXP) -1.10% and Caterpillar (CAT) -0.61%.

US companies added just 151,000 payrolls during the month, missing expectations for 180,000 payrolls. The unemployment rate stood at 4.9% in August, which was higher than the 4.8% forecast by economists. Notably, the July unemployment rate was revised up to 4.9% from an earlier estimate of 4.8%.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down five-tenths of a cent at $2.218 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 -10.16% year-to-date.

Financial Calendar

0830 ET Aug non-farm payrolls expected +180,000, Jul +255,000. Aug private payrolls expected +180,000, Jul +217,000. Aug manufacturing payrolls expected -4,000, Jul +9,000. Aug unemployment rate expected -0.1 to 4.8%, Jul unch at 4.9%.

0830 ET Aug avg hourly earnings expected +0.2% m/m and +2.5% y/y, Jul +0.3% m/m and +2.6% y/y. Aug avg weekly hours all-employees expected unch at 34.5 hours, Jul unch at 34.5 hours.

0830 ET Jul trade balance expected -$41.5 billion, Jun -$44.5 billion.

0945 ET Aug New York ISM, Jul +15.3 to 60.7.

1000 ET Jul factory orders expected +2.0%, Jun -1.5% and +0.4% ex transportation.

1300 ET Richmond Fed President Jeffrey Lacker (non-voter) speaks to the Virginia Association of Economists and the Richmond Association for Business Economics on Interest Rate Benchmarks.

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