The Dow Market Happenings For Friday, January 5, 2018

Dow stocks at 52 week highs include American Express (AXP), Caterpillar (CAT), Cisco (CSCO), JPMorgan (JPM), Microsoft (MSFT), United Technologies (UTX) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +91 points.

Thursday the Dow was up +152.45 (+0.61%) at 25,075.13.

Year-to-date the Dow is up +1.44%.

There were 22 Dow stocks up Thursday.

The Dow stock winners Thursday were led by General Electric (GE) +2.09% and IBM (IBM) +2.03%.

The Dow stock losers Thursday were led by Intel (INTC) -1.83% and Cisco (CSCO) -0.46%.

Cisco Systems (CSCO -0.46%) rose over 2% in pre-market trading after it was upgraded to ‘Buy’ from ‘Neutral’ at Bank of America/Merrill Lynch with a target price of $46.

The Labor Department says 148,000 jobs were added last month, bringing the average over three months to 204,000. The unemployment rate was 4.1 percent, the same as in November and the average hourly earnings grew by 9 cents, to $26.63, bringing the year-over-year increase to 2.5 percent.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up four-tenths of a cent at $2.490 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/21/17 after the market close of $0.46, beating estimates of $0.437 per share.

JPMorgan (JPM) reports earnings on 1/12/2018 at an unspecified time.

UnitedHealth (UNH) reports earnings on 1/16/2018 before the market open.

Goldman Sachs (GS) reports earnings on 1/17/2018 at an unspecified time.

American Express (AXP) reports earnings on 1/18/2017 after the market close.

IBM (IBM) reports earnings on 1/18/2018 after the market close.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is UP +0.52% year-to-date.

Financial Calendar

0830 ET Dec non-farm payrolls expected +190,000, Nov +228,000. Dec private payrolls expected +185,000, Nov +221,000. Dec manufacturing payrolls expected +20,000, Nov +31,000. Dec unemployment rate expected unch at 4.1%, Nov unch at 4.1%.

0830 ET Dec average hourly earnings expected +0.3% m/m and +2.5% y/y, Nov +0.2% m/m and +2.5% y/y. Dec avg weekly hours all employees expected unch at 34.5 hours, Nov +0.1 to 34.5 hours.

0830 ET Nov trade balance expected -$50.0 billion, Oct -$48.7 billion.

0830 ET USDA weekly Export Sales.

1000 ET Nov factory orders expected +1.1%, Oct -0.1% and +0.8% ex transportation.

1000 ET Dec ISM non-manufacturing index expected +0.1 to 57.5, Nov -2.7 to 57.4.

1015 ET Philadelphia Fed President Patrick Harker (voter) speaks on an economic outlook panel at the annual meeting of the American Economics Association (AEA).

1230 ET Cleveland Fed President Loretta Mester (non-voter) and Boston Fed President Eric Rosengren (non-voter) take part in a panel discussion on Coordinating Conventional and Unconventional Monetary Policies for Macroeconomic Stability at the annual meeting of the AEA.

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