The Dow Market Happenings For Friday, March 4, 2022 – Merck (MRK) 77.15 Up +0.66% YTD


Dow stocks hitting 52-week highs include Chevron (CVX) 156.22, Coca Cola (KO) 62.47 and Travelers (TRV) 173.60. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open down -329 points.

Thursday the Dow closed down -96.69 (-0.29%) at 33,794.66.

Year-to-date the Dow is down -7.00%.

There were 15 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Walmart (WMT) 139.29 (+2.30%), Amgen (AMGN) 232.64 (+1.77%) and IBM (IBM) 125.93 (+1.67%).

The Dow stock losers Thursday were led by Boeing (BA) 188.85 (-4.53%), Salesforce (CRM) 204.75 (-2.68%) and Intel (INTC) 47.93 (-1.92%).

The 10-year Treasury yield is currently at 1.765%.

Futures are down after Russia attacked, caused a fire and took over Europe’s largest nuclear power plant in Ukraine early Friday.

The U.S. economy created 678,000 nonfarm jobs in February, the Labor Department said Friday morning. That was a much bigger increase than economists had predicted. The unemployment rate dipped to 3.8%, a slightly steeper-than-forecast decline. In a sign that inflation may be cooling, wages last month rose 5.1% year over year, which was well below estimates.

U.S. oil prices jumped Friday, but not as high as the previous day’s near 14-year high of more than $116 per barrel. After Thursday’s early session surge, West Texas Intermediate crude turned lower and settled in New York trading down more than 2.6%. However, WTI remained up a stunning 17.5% for the week on worries about supply due to Russian aggression.

Ukrainian firefighters on Friday put out a blaze at the Zaporizhzhia nuclear power plant that Russian forces seized overnight. No radiation was released, according to United Nations and Ukrainian officials. In the early days of the invasion, now more than a week old, Russian troops captured the decommissioned Chornobyl plant in Ukraine, the site of the world’s worst nuclear accident in 1986. Russian President Vladimir Putin on Friday urged neighboring countries not to escalate tensions.

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

The national average price of gasoline is up 10.9 cents at $3.837 per gallon.

Earnings Reports

There are no Dow Stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 77.15 (+0.63%) is up +0.66% in 2022.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Feb)
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Feb)
08:30 AM ET Average Weekly Hours (Feb)
08:30 AM ET Government Payrolls (Feb)
08:30 AM ET Manufacturing Payrolls (Feb)
08:30 AM ET Nonfarm Payrolls (Feb)
08:30 AM ET Participation Rate (Feb)
08:30 AM ET Private Nonfarm Payrolls (Feb)
08:30 AM ET U6 Unemployment Rate (Feb)
08:30 AM ET Unemployment Rate (Feb)
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
15:30 PM ET CFTC Aluminium speculative net positions
15:30 PM ET CFTC Copper speculative net positions
15:30 PM ET CFTC Corn speculative net positions
15:30 PM ET CFTC Crude Oil speculative net positions
15:30 PM ET CFTC Gold speculative net positions
15:30 PM ET CFTC Nasdaq 100 speculative net positions
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15:30 PM ET CFTC S&P 500 speculative net positions
15:30 PM ET CFTC Silver speculative net positions
15:30 PM ET CFTC Soybeans speculative net positions
15:30 PM ET CFTC Wheat speculative net positions

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