DJIA Market Happenings For Friday, November 5, 2021 – Dow (DOW) -3.01% YTD

Dow stocks hitting 52 week highs include Salesforce (CRM), McDonald’s (MCD), Merck (MRK), Microsoft (MSFT) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +134 points.

Thursday the Dow closed down -33.35 (-0.09%) at 36,124.23.

Year-to-date the Dow is up +18.03%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Merck (MRK) 90.54 (+2.10%), Nike (NKE) 175.44 (+1.70%) and Salesforce (CRM) 308.04 (+1.70%).

The Dow stock losers Thursday were led by Dow (DOW) 57.17 (-3.18%), Goldman Sachs (GS) 408.07 (-2.35%) and Travelers (TRV) 156.50 (-2.34%).

U.S. stock futures moved higher Friday after the government’s stronger-than-expected October jobs report.

The U.S. economy generated 531,000 new nonfarm jobs in October, the Labor Department reported Friday. Economists had called for 450,000. The nation’s unemployment rate dropped more-than-expected to 4.6%. Wage inflation is also being closely watched.

Democrats in the House appear on the verge of advancing President Joe Biden’s $1.85 trillion-and-growing domestic policy package of social and climate spending, alongside a separate $1 trillion infrastructure bill, which was already passed in a bipartisan vote in the Senate. The House scrapped votes late Thursday but hoped to pass the bills Friday. House Speaker Nancy Pelosi, D-Calif., worked into the night at the Capitol, looking to lock down support. The nonpartisan Joint Committee on Taxation said Thursday its initial analysis of the bigger bill showed it would raise $1.48 trillion in revenue over a decade and be unlikely to add to the deficit long term.

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

The national average price of gasoline is up six-tenths of a cent at $3.421 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 10/13/2021 before the open with $3.74, beating estimates calling for $2.996 per share.

UnitedHealth (UNH) reported earnings on 10/14/2021 before the open with $4.52, beating estimates calling for $4.414 per share.

Walgreens (WBA) reported earnings on 10/14/2021 before the open with $1.17, beating estimates calling for $1.028 per share.

Goldman Sachs (GS) reported earnings on 10/15/2021 before the open with $14.93, crushing estimates calling for $10.18 per share.

Johnson & Johnson (JNJ) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.367 per share.

Procter & Gamble (PG) reported earnings on 10/19/2021 before the open with $1.61, beating estimates of $1.594 per share.

Travelers (TRV) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.002 per share.

Verizon (VZ) reported earnings on 10/20/2021 before the open with $1.55, beating estimates of $1.358 per share.

IBM (IBM) reported earnings on 10/20/2021 after the close with $2.52, beating estimates of $2.487 per share.

Dow (DOW) reported earnings on 10/21/2021 before the open with $2.75, beating estimates of $2.596 per share.

Intel (INTC) reported earnings on 10/21/2021 after the close with $1.71, beating estimates of $1.107 per share.

Honeywell (HON) reported earnings on 10/22/2021 before the open with $2.02, beating estimates of $2.008 per share.

American Express (AXP) reported earnings on 10/22/2021 before the open with $2.27, beating estimates of $1.78 per share.

3M (MMM) reported earnings on 10/26/2021 before the open with $2.45, beating estimates of $2.182 per share.

Microsoft (MSFT) reported earnings on 10/26/2021 after the close with $2.27, beating estimates of $2.058 per share.

Visa (V) reported earnings on 10/26/2021 after the close with $1.62, beating estimates of $1.528 per share.

Coca Cola (KO) reported earnings on 10/27/2021 before the open with $0.65, beating estimates of $0.576 per share.

McDonald’s (MCD) reported earnings on 10/27/2021 before the open with $2.76, beating estimates of $2.456 per share.

Boeing (BA) reported earnings on 10/27/2021 before the open with -$0.60, missing estimates of -$0.168 per share.

Caterpillar (CAT) reported earnings on 10/28/2021 before the open with $2.66, beating estimates of $2.257 per share.

Merck (MRK) reported earnings on 10/28/2021 before the open with $1.75, beating estimates of $1.542 per share.

Apple (AAPL) reported earnings on 10/28/2021 after the close with $1.24, almost meeting estimates of $1.244 per share.

Chevron (CVX) reported earnings on 10/29/2021 before the open with $2.96, beating estimates of $2.214 per share.

Amgen (AMGN) reported earnings on 11/2/2021 after the close with $4.67, beating estimates of $4.22 per share.

Disney (DIS) reports earnings on 11/10/2021 after the close.

Home Depot (HD) reports earnings on 11/16/2021 before the open.

Walmart (WMT) reports earnings on 11/16/2021 before the open.

Cisco (CSCO) reports earnings on 11/17/2021 after the close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 57.17 (-3.18%) is down -3.01% in 2021.

Financial Calendar

8:30 AM ET Jobs Report

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Consumer Credit

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