DJIA Market Happenings For Friday, May 7, 2021

Dow stocks hitting 52 week highs include American Express (AXP), Caterpillar (CAT), Dow (DOW), Goldman Sachs (GS), Home Depot (HD) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -54 points.

Thursday the Dow was up +318.19 (+0.93%) at 34,548.53.

Year-to-date the Dow is up +12.88%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Cisco (CSCO) 52.44 (+2.56%), Goldman Sachs (GS) 365.97 (+2.33%) and IBM (IBM) 148.42 (+2.20%).

The Dow stock losers Thursday were led by Caterpillar (CAT) 237.07 (-0.34%), McDonald’s (MCD) 234.86 (-0.08%) and Walgreens (WBA) (-0.02%).

This morning the government’s April employment report came in way below estimates, adding just 266,000 nonfarm payrolls last month. Estimates had called for 1 million additions. Hiring was a huge letdown in April, with nonfarm payrolls increasing much less than expected and the nation’s unemployment rate rising to 6.1% as reopening businesses grapple with an escalating shortage of available workers. March’s originally estimated 916,000 new jobs was revised much lower to 770,000, though February saw an strong upward revision to 536,000.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up 1.3 cents at $2.954 per gallon.

Earnings Reports

Disney (DIS) reports earnings on 5/13/2021 after the market close.

Home Depot (HD) reports earnings on 5/18/2021 before the market open.

Walmart (WMT) reports earnings on 5/18/2021 before the market open.

Cisco (CSCO) reports earnings on 5/19/2021 after the market close.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 218.05 (+1.23%) is down -2.01% in 2021.

Financial Calendar

8:30 AM ET Jobs Report

10:00 AM ET Wholesale Inventories (Preliminary)

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Consumer Credit

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