The Dow Market Happenings For Friday, January 7, 2022 – Honeywell (HON) Up +0.11% YTD

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 down -31 points.

Thursday the Dow closed down -170.64 (-0.47%) at 36,236.47.

Year-to-date the Dow is down -0.28%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Travelers (TRV) 162.33 (+1.60%), Disney (DIS) 156.90 (+1.10%) and JPMorgan (JPM) 165.52 (+1.06%).

The Dow stock losers Thursday were led by UnitedHealth (UNH) 469.65 (-4.09%), Walgreens (WBA) 52.44 (-2.89%) and IBM (IBM) 135.34 (-2.08%).

U.S. stock futures fell Friday after the government’s latest employment report showed much weaker-than-expected jobs growth in December. The Labor Department’s December jobs report this morning showed just 199,000 nonfarm payrolls were added last month, less than half of what analysts had been expecting. The nation’s unemployment rate fell more than expected to 3.9%. Average hourly earnings rose more than expected as the U.S. sees its fastest inflation pace in nearly 40 years.

The 10-year Treasury yield topped 1.76% following a lower-than-expected unemployment rate.

Apple (AAPL) rose in Friday’s premarket trade. However, the stock has dropped 6% from Tuesday’s all-time high and this week’s punch through a $3 trillion market value. Apple CEO Tim Cook received $98.73 million in compensation in the company’s fiscal 2021, according to an SEC filing published Thursday.

The Supreme Court on Friday will take up two major Biden administration efforts to bump up the nation’s Covid vaccination rates at a time of spiking coronavirus cases due to the omicron variant. The justices on the conservative-dominated court are set to hear arguments about whether to allow the administration to enforce a vaccine-or-testing requirement for large employers and a separate vaccine mandate for most health-care workers. The eventual outcome at the high court will probably determine the fate of vaccine requirements affecting more than 80 million people.

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

The national average price of gasoline is up two-tenths of a cent at $3.303 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reports earnings on 1/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 210.82 (-0.11%) is up +0.11% in 2022.

Financial Calendar

08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Dec)
08:30 AM ET Average Weekly Hours (Dec)
08:30 AM ET Government Payrolls (Dec)
08:30 AM ET Manufacturing Payrolls (Dec)
08:30 AM ET Nonfarm Payrolls (Dec)
08:30 AM ET Participation Rate (Dec)
08:30 AM ET Private Nonfarm Payrolls (Dec)
08:30 AM ET U6 Unemployment Rate (Dec)
08:30 AM ET Unemployment Rate (Dec)
13:00 AM ET U.S. Baker Hughes Oil Rig Count
13:00 AM ET U.S. Baker Hughes Total Rig Count
15:00 AM ET Consumer Credit (Nov)

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