The Dow Market Happenings For Friday, October 2, 2020

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -472 points.

Thursday the Dow was up +35.20 (+0.13%) at 27,816.90.

Year-to-date the Dow is down -2.53%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Walmart (WMT) 143.08 (+2.27%), Visa (V) 203.35 (+1.69%) and Boeing (BA) 167.86 (+1.57%).

The Dow stock losers Thursday were led by Chevron (CVX) 70.42 (-2.19%), Dow (DOW) 46.11 (-2.00%) and Caterpillar (CAT) 146.71 (-1.64%).

President Trump announced that he and First Lady Melania have tested positive for Covid-19.

The U.S. economy added 661,000 jobs in September, and unemployment fell to 7.9%. Job growth slowed further in September, as fading government support and the failure to contain the coronavirus threatened to short-circuit the once-promising economic recovery. Employers brought back 661,000 jobs in September, the Labor Department said Friday. That is down from 1.5 million in August, and far below the 4.8 million jobs added in June. The unemployment rate fell to 7.9 percent. This is the latest sign that the recovery is losing steam.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up one-tenth of a cent at $2.192 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reports earnings on Tuesday 10/13/2020 before the market open.

JPMorgan (JPM) 96.27 (+0.96%) reports earnings on Tuesday 10/13/2020 before the market open.

Goldman Sachs (GS) reports earnings on Wednesday 10/14/2020 before the market open.

UnitedHealth (UNH) reports earnings on Wednesday 10/14/2020 before the market open.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 253.45 (+0.85%) is up +55.84% year-to-date. Salesforce (CRM) YTD low was 115.29 on 3/18/2020. Salesforce has provided a +119.84% gain off the YTD low.

Financial Calendar

8:30 AM ET Jobs Report

10:00 AM ET Consumer Sentiment

10:00 AM ET Factory Orders

1:00 PM ET Baker Hughes Rig Count

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