DJIA Market Happenings For Friday, September 2, 2022 – Merck (MRK) 87.15 Up +13.71% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Salesforce (CRM) 153.53 (-1.66%), Intel (INTC) 31.76 (-0.50%), Verizon (VZ) 41.81 (0.00%) and Walgreens (WBA) 35.26 (+0.57%).

The Market

Premarket today, the Dow was indicated to open up +109 points.

Thursday the Dow closed up +145.99 (+0.46%) at 31,656.42.

Year-to-date the Dow is down -12.88%.

Thursday, (21) Dow 30 stocks were up, (4) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Johnson & Johnson (JNJ) 165.34 (+2.48%), Amgen (AMGN) 245.50 (+2.16%) and Merck (MRK) 87.15 (+2.10%).

The Dow stock losers Thursday were led by Boeing (BA) 153.66 (-4.11%), Dow (DOW) 49.96 (-2.04%) and Salesforce (CRM) 153.53 (-1.66%).

The 10 YR yield is currently at 3.279% and the VIX is at 25.56 (-1.20%).

Looks like a higher opening this morning.

The economy added 315,000 jobs last month. Economists were projecting an increase of 318,000. That was down from 526,000 in July, though it still represented a strong pace of growth. The unemployment rate rose to 3.7 percent. The data released Friday indicated the long-delayed slowdown may finally have begun. Policymakers at the Federal Reserve believe that the job market is effectively overheated: With twice as many open jobs as job seekers, employers are competing for workers by pushing up wages and, ultimately, prices. The Fed is hoping that by raising interest rates, it can cool off the job market enough to bring down inflation, but not by so much that unemployment skyrockets.

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

The national average price of gasoline is down 2.0 cents at $3.809 per gallon.

Latest Dow 30 Earnings Reports

There are no Dow 30 companies set to report earnings in the near term.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) 87.15 (+2.10%) is up +13.71% in 2022.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Aug), 0.4%, 0.5%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Aug), 5.3%, 5.2%
08:30 AM ET Average Weekly Hours (Aug), 34.6, 34.6
08:30 AM ET Government Payrolls (Aug), 57.0K
08:30 AM ET Manufacturing Payrolls (Aug), 20K, 30K
08:30 AM ET Nonfarm Payrolls (Aug), 300K, 528K
08:30 AM ET Participation Rate (Aug), 62.1%
08:30 AM ET Private Nonfarm Payrolls (Aug), 300K, 471K
08:30 AM ET U6 Unemployment Rate (Aug), 6.7%
08:30 AM ET Unemployment Rate (Aug), 3.5%, 3.5%
10:00 AM ET Durables Excluding Defense (MoM) (Jul), 1.2%
10:00 AM ET Durables Excluding Transport (MoM) (Jul), 0.3%
10:00 AM ET Factory Orders (MoM) (Jul), 0.2%, 2.0%
10:00 AM ET Factory orders ex transportation (MoM) (Jul), 1.4%
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 605
13:00 PM ET U.S. Baker Hughes Total Rig Count, 765
15:30 PM ET CFTC Aluminium speculative net positions, 4.8K
15:30 PM ET CFTC Copper speculative net positions, -19.0K
15:30 PM ET CFTC Corn speculative net positions, 263.2K
15:30 PM ET CFTC Crude Oil speculative net positions, 246.2K
15:30 PM ET CFTC Gold speculative net positions, 125.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 38.0K
15:30 PM ET CFTC Natural Gas speculative net positions, -128.6K
15:30 PM ET CFTC S&P 500 speculative net positions, -262.3K
15:30 PM ET CFTC Silver speculative net positions, -4.5K
15:30 PM ET CFTC Soybeans speculative net positions, 87.8K
15:30 PM ET CFTC Wheat speculative net positions, -8.3K
19:00 PM ET Total Vehicle Sales, 13.30M, 13.35M

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