Dow stocks hitting 52 week highs include Chevron (CVX). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open up +309 points.
Thursday the Dow was down -345.95 (-1.11%) at 30,924.14.
Year-to-date the Dow is up +1.04%.
There were 3 Dow stocks up Thursday.
The Dow stock winners Thursday were Chevron (CVX) 104.50 (+0.88%), UnitedHealth (UNH) 333.81 (+0.28%) and American Express (AXP) 142.68 (+0.06%).
The Dow stock losers Thursday were led by Intel (INTC) 58.33 (-2.62%), Home Depot (HD) 250.93 (-2.50%) and Disney (DIS) 188.03 (-2.20%).
The Labor Department on Friday morning reported that the U.S. economy generated 379,000 new jobs in February, well above forecasts of 210,000 nonfarm payroll additions. The unemployment rate dipped to 6.2%, a bit lower than estimates of 6.3%. Nearly all of last month’s job gains came from the battered leisure and hospitality sector, which saw an increase of 355,000 positions as some states started to relax Covid dining restrictions in some areas.
The 10-year Treasury yield moved higher Friday, trading above 1.62% and hitting a new one-year high, before backing off a bit.
Debate in the Senate on Democrats’ $1.9 trillion coronavirus relief package is set to continue as lawmakers try to beat a deadline to prevent a federal unemployment aid boost from expiring. The Senate voted Thursday to start debate on the rescue package, setting the stage for its approval as soon as this weekend under rules that allow for passage with a simple majority. Vice President Kamala Harris had to break a 50-50 tie after a party-line vote in the evenly divided chamber. As soon as the Senate began considering the bill, Sen. Ron Johnson, R-Wis., forced the chamber’s clerks to begin reading the entire 628-page measure aloud.
European stocks are mostly lower and Asian markets ended lower.
The national average price of gasoline is up seven-tenths of a cent at $2.752 per gallon.
Earnings Reports
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) reported earnings on 2/9/2021 after the market close of $0.79, beating estimates of $0.68 per share.
Coca Cola (KO) reported earnings on 2/10/2021 before the market open of $0.47, beating estimates of $0.414 per share.
Disney (DIS) reported earnings on 2/11/2021 after the market close of $0.32, beating estimates of -$0.448 per share.
Walmart (WMT) reported earnings on 2/18/2021 before the market open of $1.39, missing estimates calling for $1.505 per share.
Home Depot (HD) reported earnings on 2/23/2021 before the market open of $2.64, beating estimates of $2.629 per share.
Salesforce (CRM) reported earnings on 2/25/2021 after the market close of $1.04, beating estimates of $0.302 per share.
Nike (NKE) reports earnings on 3/18/2021 after the market close.
Today’s Featured Dow Stock
Microsoft (MSFT) 226.73 (-0.36%) is down -1.94% 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