DJIA Market Happenings For Friday, October 6, 2023 – Dow (DOW) 49.86 Down -1.05% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Coca Cola (KO) 52.38 (-4.83%) and 3M (MMM) 87.83 (-0.22%).

The Market

Premarket today, the Dow was indicated to be down -132 points.

Thursday the Dow closed down -9.98 (-0.03%) at 33,119.57.

Year-to-date the Dow is down -0.08%.

Thursday, (15) Dow stocks were up, (2) were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Disney (DIS) 80.81 (+1.88%), Merck (MRK) 103.60 (+1.40%) and UnitedHealth (UNH) 516.23 (+1.10%).

The Dow stock losers Thursday were led by Coca Cola (KO) 52.38 (-4.83%), Dow (DOW) 49.86 (-2.45%) and Caterpillar (CAT) 260.80 (-1.60%).

The VIX closed Thursday at 18.49 (-0.48%) and the 10 YR at 4.722 (+0.19%). The VIX is currently at 19.33 (+4.54%). The 10YR is at 4.825 (+2.38%).

The U.S. economy added 336,000 jobs in September, the Labor Department said. Economists had expected 170,000 jobs. To be sure, wages rose less than expected last month. Average hourly earnings increased 0.2% for the month and 4.2% from a year ago, compared to respective estimates for 0.3% and 4.3%.

The benchmark 10-year Treasury yield jumped more than 12 basis points on the back of the data to trade near a 16-year high set earlier this week.

Shares of Disney are set to rally as the company completes a planned Hulu buyout, according to Bernstein. The firm initiated coverage of the stock at a buy rating on Thursday. Shares added 0.6% in premarket trading.

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

The national average price of gasoline is down 2.3 cents at $3.746 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 9/28/23 after the market close with $0.94, beating estimates of $0.739 per share.

Walgreens (WBA) reports earnings on 10/12/23 before the market open.

JPMorgan (JPM) reports earnings on 10/13/23 before the market open.

UnitedHealth (UNH) reports earnings on 10/13/23 before the market open.

Goldman Sachs (GS) reports earnings on 10/17/23 before the market open.

Johnson & Johnson (JNJ) reports earnings on 10/17/23 before the market open.

Travelers (TRV) reports earnings on 10/18/23 before the market open.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 49.86 (-2.45%) is down -1.05% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (MoM) (Sep), 0.3%, 0.2%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Sep), 4.3%, 4.3%
08:30 AM ET Average Weekly Hours (Sep), 34.4, 34.4
08:30 AM ET Government Payrolls (Sep), 8.0K
08:30 AM ET Manufacturing Payrolls (Sep), 5K, 16K
08:30 AM ET Nonfarm Payrolls (Sep), 170K, 187K
08:30 AM ET Participation Rate (Sep), 62.8%
08:30 AM ET Private Nonfarm Payrolls (Sep), 160K, 179K
08:30 AM ET U6 Unemployment Rate (Sep), 7.1%
08:30 AM ET Unemployment Rate (Sep), 3.7%, 3.8%
10:00 AM ET Total Vehicle Sales, 15.00M
12:00 PM ET Fed Waller Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 502
13:00 PM ET U.S. Baker Hughes Total Rig Count, 623
15:00 PM ET Consumer Credit (Aug), 11.70B, 10.40B
16:30 PM ET CFTC Aluminium speculative net positions, 6.7K
16:30 PM ET CFTC Copper speculative net positions, -28.8K
16:30 PM ET CFTC Corn speculative net positions, -118.5K
16:30 PM ET CFTC Crude Oil speculative net positions, 350.1K
16:30 PM ET CFTC Gold speculative net positions, 115.8K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 0.8K
16:30 PM ET CFTC Natural Gas speculative net positions, -94.2K
16:30 PM ET CFTC S&P 500 speculative net positions, -89.3K
16:30 PM ET CFTC Silver speculative net positions, 20.1K
16:30 PM ET CFTC Soybeans speculative net positions, 46.5K
16:30 PM ET CFTC Wheat speculative net positions, -60.0K

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