The Dow Market Happenings For Friday, October 7, 2016

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

The Market

Premarket today, the Dow was indicated to open up +40 points.

Thursday the Dow was down -12.53 (-0.07%) at 18,268.50.

Year-to-date the Dow is up +4.84%.

There were 13 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Home Depot (HD) +2.05% and Dupont (DD) +1.44%.

The Dow stock losers Thursday were led by American Express (AXP) -3.76% and Wal-Mart (WMT) -3.22%.

Employers added 156,000 jobs last month, the Labor Department said Friday. The forecast was for 172,000. The unemployment rate, which has been at 4.9 percent since the spring, ticked up slightly to 5 percent. Revisions to prior reports subtracted a net 7,000 jobs from payrolls, as July’s figure was lowered to 252,000 from 275,000.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is up nine-tenths of a cent at $2.255 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

JPMorgan (JPM) reports earnings on 10/17/2016 before the market open.

IBM (IBM) reports earnings on 10/14/2016 after the market close.

Goldman Sachs (GS) reports earnings on 10/18/2016 before the market open.

Johnson & Johnson (JNJ) reports earnings on 10/18/2016 before the market open.

Intel (INTC) reports earnings on 10/18/2016 before the market open.

UnitedHealth (UNH) reports earnings on 10/18/2016 before the market open.

American Express (AXP) reports earnings on 10/19/2016 after the market close.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +6.26% year-to-date.

Financial Calendar

0830 ET Sep non-farm payrolls expected +17,000, Aug +151,000. Sep private payrolls expected +170,000, Aug +126,000. Sep manufacturing payrolls expected -4,000, Aug -14,000. Sep unemployment rate expected unch at 4.9%, Aug unch at 4.9%.

0830 ET Sep avg hourly earnings expected +0.3% m/m and +2.6% y/y, Aug +0.1% m/m and +2.4% y/y. Sep avg weekly hours all employees expected +0.1 to 34.4 hours, Aug -0.1 to 34.3 hours.

1000 ET Aug wholesale inventories expected -0.1%, Jul unch. Aug wholesale trade sales expected +0.1% m/m, Jul -0.4% m/m.

1030 ET Fed Vice Chair Stanley Fischer speaks at the Institute of International Finance annual meeting.

1245 ET Cleveland Fed President Loretta Mester (voter) speaks before the Shadow Open Market Committee.

1500 ET Aug consumer credit expected +$16.5 billion, Jul +$17.713 billion.

1500 ET Kansas City Fed President Esther George (voter) speaks on the U.S. economic outlook at the Institute of International Finance annual meeting.

1600 ET Fed Governor Lael Brainard takes part in a panel discussion at the IMF on trade as an engine for growth.

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