Dow stocks hitting 52-week highs include Merck (MRK) 113.64 (+1.39%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +286 points.

Thursday the Dow closed down -339.69 (-1.02%) at 32,930.08.

Year-to-date the Dow is down -0.66%.

Thursday, (7) Dow 30 stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Thursday were led by Chevron (CVX) 175.24 (+1.80%), Merck (MRK) 113.64 (+1.39%) and Verizon (VZ) 41.70 (+1.39%).

The Dow stock losers Thursday were led by Walgreens (WBA) 35.19 (-6.13%), Microsoft (MSFT) 222.31 (-2.96%) and UnitedHealth (UNH) 489.96 (-2.88%).

The 10 YR yield closed Thursday at 3.724 (+0.13%) and the VIX at 22.46 (+2.04%). The 10 YR is currently at 3.705 and VIX is at 22.98 (-2.14%).

Wall Street is eyeing more data Friday that suggests a still-hot labor market and, potentially, more action by the Federal Reserve to bring down inflation. Stocks sold off Thursday after a better-than-expected private sector jobs report, with the Dow falling 300 points. All three major indexes are on their way to a losing week to start the new year.

The December jobs report from the Labor Department came in at 223,000 jobs added. Economists polled by Dow Jones expected to see growth of 200,000 in nonfarm payrolls and an unemployment rate holding steady at 3.7%. On Thursday, private payrolls came in better than expected, rising by 235,000 jobs, according to a report from ADP. Wall Street had expected private payroll adds of 153,000.

The House adjourned for a third night on Thursday without a speaker, after GOP leader Kevin McCarthy was defeated in an 11th vote. It’s the longest the chamber has gone without a leader in generations. The House is now facing a 12th vote when it reconvenes at noon on Friday, while McCarthy scrambles to appease far-right Republicans who have withheld their support for his speakership.

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

The national average price of gasoline is up five-tenths of a cent at $3.290 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/5/23 before the market open with $1.16, beating estimates of $1.145 per share.

JPMorgan (JPM) will reports earnings on 1/13/23 before the market open.

UnitedHealth (UNH) reports earnings on 1/13/23 before the market open.

Goldman Sachs (GS) reports earnings on 1/17/23 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/23 before the market open.

3M (MMM) reports earnings on 1/24/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/23 before the market open.

Microsoft (MSFT) reports earnings on 1/24/23 after the market close.

Travelers (TRV) reports earnings on 1/24/23 before the market open.

Verizon (VZ) reports earnings on 1/24/23 before the market open.

Boeing (BA) reports earnings on 1/25/23 before the market open.

IBM (IBM) reports earnings on 1/25/23 after the market close.

Intel (INTC) reports earnings on 1/25/23 after the market close.

McDonald’s (MCD) reports earnings on 1/26/23 before the market open.

Caterpillar (CAT) reports earnings on 1/26/23 before the market open.

Dow (DOW) reports earnings on 1/26/23 before the market open.

Apple (AAPL) reports earnings on 1/26/23 after the market close.

Visa (V) reports earnings on 1/26/23 after the market close.

American Express (AXP) reports earnings on 1/27/23 before the market open.

Chevron (CVX) reports earnings on 1/27/23 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 62.20 (-1.14%) is down -2.22% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Dec), 0.4%, 0.6%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Dec), 5.0%, 5.1%
08:30 AM ET Average Weekly Hours (Dec), 34.4, 34.4
08:30 AM ET Government Payrolls (Dec), 42.0K
08:30 AM ET Manufacturing Payrolls (Dec), 10K, 14K
08:30 AM ET Nonfarm Payrolls (Dec), 200K, 263K
08:30 AM ET Participation Rate (Dec), 62.1%
08:30 AM ET Private Nonfarm Payrolls (Dec), 180K, 221K
08:30 AM ET U6 Unemployment Rate (Dec), 6.7%
08:30 AM ET Unemployment Rate (Dec), 3.7%, 3.7%
10:00 AM ET Durables Excluding Defense (MoM) (Nov), -2.6%
10:00 AM ET Durables Excluding Transport (MoM) (Nov), 0.2%
10:00 AM ET Factory Orders (MoM) (Nov), -0.8%, 1.0%
10:00 AM ET Factory orders ex transportation (MoM) (Nov), 0.8%
10:00 AM ET ISM Non-Manufacturing Business Activity (Dec), 59.5, 64.7
10:00 AM ET ISM Non-Manufacturing Employment (Dec), 51.5
10:00 AM ET ISM Non-Manufacturing New Orders (Dec), 56.0
10:00 AM ET ISM Non-Manufacturing PMI (Dec), 55.0, 56.5
10:00 AM ET ISM Non-Manufacturing Prices (Dec), 70.0
11:15 AM ET Fed Governor Cook Speaks
13:00 AM ET U.S. Baker Hughes Oil Rig Count, 621
13:00 AM ET U.S. Baker Hughes Total Rig Count, 779