Dow stocks hitting 52 week highs include JPMorgan (JPM) and McDonald’s (MCD). Dow stock 52 week lows include Amgen (AMGN) and Verizon (VZ).

The Market

Premarket today, the Dow was indicated to open down -34 points.

Thursday the Dow closed up +337.95 (+0.98%) at 34,754.94.

Year-to-date the Dow is up +13.55%.

There were 26 Dow stocks up Thursday.

The Dow stock winners Thursday were led by UnitedHealth (UNH) 404.70 (+2.65%), Dow (DOW) 58.51 (+2.36%) and Home Depot (HD) 337.48 (+2.16%).

The Dow stock losers Thursday were led by Amgen (AMGN) 209.12 (-0.41%), IBM (IBM) 141.81 (-0.39%) and 3M (MMM) 177.80 (-0.34%).

Friday’s jobs report, which will be key as the Federal Reserve decides whether to slow its massive Covid-era bond-buying program, showed just 194,000 nonfarm payrolls were created in September. The consensus estimate had called for 500,000 additions. The headline number was hurt by a 123,000 decline in government payrolls. However, private payrolls increased by 317,000. ADP’s look at private sector jobs trends, released Wednesday, showed a brisk pace of hiring last month despite concerns about elevated Covid cases. The nation’s unemployment rate fell to 4.8% last month, according to the Labor Department, compared with expectations for 5.1%. August’s jobs growth was revised sharply higher by 131,000 positions to 366,000.

The 10-year Treasury yield dropped following the jobs data, trading around 1.56%.

The Senate approved Thursday night a compromise bill that allows for a short-term, $480 billion increase in the nation’s debt ceiling. That sum, the Treasury Department estimates, would last until Dec. 3. The legislation now moves to the House, where Speaker Nancy Pelosi, D-Calif., is expected to take it up in the coming days. While avoiding the approaching Oct. 18 deadline for an unprecedented U.S. default, the measure gives Democrats nearly two months to figure out how to raise the debt limit through the reconciliation process with no Republican votes.

US futures are mostly lower, European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up 1.6 cents at $3.260 per gallon.

Earnings Reports

JPMorgan (JPM) reports earnings on 10/13/2021 before the open.

UnitedHealth (UNH) reports earnings on 10/14/2021 before the open.

Walgreens (WBA) reports earnings on 10/14/2021 before the open.

Goldman Sachs (GS) reports earnings on 10/15/2021 before the open.

Johnson & Johnson (JNJ) reports earnings on 10/19/2021 before the open.

Procter & Gamble (PG) reports earnings on 10/19/2021 before the open.

Travelers (TRV) reports earnings on 10/19/2021 before the open.

Verizon (VZ) reports earnings on 10/20/2021 before the open.

IBM (IBM) reports earnings on 10/20/2021 after the close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) 177.80 (-0.34%) is up +1.72% 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