Dow stocks at 52 week highs include Intel (INTC), McDonald’s (MCD) Travelers (TRV) and Wal-Mart (WMT). Dow stock 52 week lows include General Electric (GE).
The Market
Premarket today, the Dow was indicated to open up +35 points.
Thursday the Dow was up +81.25 (+0.35%) at 23,516.26.
Year-to-date the Dow is up +18.99%.
There were 18 Dow stocks up Thursday.
The Dow stock winners Thursday were led by Boeing (BA) +1.60% and United Technologies (UTX) +1.12%.
The Dow stock losers Thursday were led by Home Depot (HD) -1.61% and Cisco (CSCO) -1.18%.
Apple (AAPL +0.73%) rose nearly 3% to a new record high in after-hours trading after it reported Q4 revenue of $52.6 billion, better than consensus of $50.7 billion, and said it sees fiscal Q1 revenue of $84 billion-$87 billion, the mid-point above consensus of $84.5 billion.
The U.S. economy added 261,000 jobs in October, rebounding from the previous month’s hurricane-related losses as idled employees returned to work, but the gain was not as robust as expected. Economists had expected 312,000 payroll gains. The unemployment rate fell from 4.2% to 4.1%, a new 16-year low.
European stocks are mostly lower and Asian markets ended mostly higher.
The national average price of gasoline is up 1.2 cents at $2.517 per gallon.
Earnings Reports.
Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.
JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.
Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.
Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.
UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.
IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.
American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.
Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.
Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.
General Electric (GE) reported earnings on 10/20/2017 before the market open of $0.29, missing estimates calling for $0.49 per share.
Procter & Gamble (PG) reported earnings on 10/20/2017 before the market open of $1.09, meeting estimates of $1.093 per share.
3M (MMM) reported earnings on 10/24/2017 before the market open of $2.33, beating estimates of $2.253 per share.
Caterpillar (CAT) reported earnings on 10/24/2017 before the market open of $1.95, beating estimates of $1.301 per share.
McDonald’s (MCD) reported earnings on 10/24/2017 before the market open of $2.32, beating estimates of $1.792 per share.
United Technologies (UTX) reported earnings on 10/24/2017 before the market open of $1.73, beating estimates of $1.719 per share.
Boeing (BA) reported earnings on 10/25/2017 before the market open of $2.72, beating estimates of $2.709 per share.
Coca Cola (KO) reported earnings on 10/25/2017 before the market open of $0.50, meeting estimates of $0.495 per share.
Visa (V) reported earnings on 10/25/2017 before the market open of $0.90, beating estimates of $0.884 per share.
Intel (INTC) reported earnings on 10/26/2017 after the market close of $1.01, beating estimates of $0.815 per share.
Microsoft (MSFT) reported earnings on 10/26/2017 after the market close of $0.84, beating estimates calling for $0.781 per share.
Chevron (CVX) reported earnings on 10/27/2017 before the market open of $1.03, meeting expectations of $1.026 per share.
Merck (MRK) reported earnings on 10/27/2017 before the market open of $1.11, beating estimates calling for $1.04 per share.
Exxon Mobil (XOM) reported earnings on 10/27/2017 before the market open of $0.93, beating estimates of $0.885 per share.
Pfizer (PFE) reported earnings on 10/31/2017 before the market open of $0.67, barely beating estimates calling for $0.662 per share..
Apple (AAPL) reported earnings on 11/2/2017 after the market close of $2.07, beating estimates of $1.899 per share.
Disney (DIS) reports earnings on 11/9/2017 after the market close.
Home Depot (HD) reports earnings on 11/14/2017 before the market open.
Cisco (CSCO) reports earnings on 11/15/2017 after the market close.
Wal-Mart (WMT) reports earnings on 11/16/2017 before the market open.
Today’s Featured Dow Stock
UnitedHealth (UNH) is up +30.34% year-to-date.
Financial Calendar
0830 ET Oct non-farm payrolls expected +310,000, Sep -33,000. Oct private payrolls expected +301,000, Sep -40,000. Oct manufacturing payrolls expected +15,000, Sep -1,000, Oct unemployment rate expected unch at 4.2%, Sep -0.2 to 4.2%.
0830 ET Oct average hourly earnings expected +0.2% m/m and +2.7% y/y, Sep +0.5% m/m and +2.9% y/y. Oct average weekly hours expected unch at 34.4 hours, Sep unch at 34.4 hrs.
0830 ET Sep trade balance expected -$43.2 billion, Aug -$42.4 billion.
1000 ET Oct ISM non-manufacturing index expected -1.3 to 58.5, Sep +4.5 to 59.8.
1000 ET Sep factory orders expected +1.2%, Aug +1.2% and +0.4% ex-transportation.
1045 ET Revised Oct Markit services PMI expected unch at 55.9, prelim-Oct +0.6 to 55.9.
1215 ET Minneapolis Fed President Neel Kashkari (voter) speaks in a moderated Q&A on Women in Housing and Finance.