Dow stocks hitting 52 week highs include Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +162 points.

Thursday the Dow was up +332.26 (+1.08%) at 31,055.86.

Year-to-date the Dow is up +0.38%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Visa (V) 209.25 (+3.92%), Travelers (TRV) 143.93 (+3.80%) and American Express (AXP) 124.90 (+3.70%).

The Dow stock losers Thursday were UnitedHealth (UNH) 329.32 (-2.54%), Merck (MRK) 76.03 (-1.67%) and Microsoft (MSFT) 242.01 (-0.41%).

The Labor Department on Friday morning reported an addition of 49,000 nonfarm payrolls for January, basically matching estimates. The nation’s unemployment rate dipped to 6.3%. The economy saw monthly job losses in December for the first time since April as surging Covid-19 cases and increased virus mitigation efforts took their toll. December’s shortfall was revised even lower to a loss of 227,000 jobs. Economists had expected 50,000 jobs to be added and the jobless rate to remain unchanged. Also this does not capture the millions of people that economists estimate have dropped out of the labor force and are no longer looking for work. Nearly 18 million Americans continue to receive unemployment benefits of some kind.

The Senate passed a budget resolution early Friday as Democrats moved forward with the process of passing a $1.9 trillion coronavirus relief package, based on President Joe Biden’s blueprint, along party lines. Biden has said he hopes to strike a deal with Republicans on Covid stimulus, but Democrats are taking steps to pass the bill through budget reconciliation, meaning they would not need any GOP votes.

Johnson & Johnson (JNJ) applied for an emergency use authorization from the FDA for its one-shot coronavirus vaccine after releasing data last week showing it was about 66% effective. If J&J’s application is approved, it would be the third Covid-19 vaccine cleared for emergency use in the U.S., behind those developed by Pfizer and Moderna, both of which require two shots. The FDA’s vaccine advisory committee is set to consider J&J’s candidate on Feb. 26.

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

The national average price of gasoline is up 1.3 cents at $2.456 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reported earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

Visa (V) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.12, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reported earnings on 2/4/2021 before the market open of $1.32, missing estimates of $1.364 per share.

Cisco (CSCO) reports earnings on 2/9/2021 after the market close.

Coca Cola (KO) reports earnings on 2/10/2021 before the market open.

Disney (DIS) reports earnings on 2/11/2021 after the market close.

Walmart (WMT) reports earnings on 2/18/2021 before the market open.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 124.90 (+3.70%) is up +3.30% in 2021.

Financial Calendar

8:30 AM ET Jobs Report

8:30 AM ET International Trade in Goods and Services

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Consumer Credit