DJIA Market Happenings For Friday, November 3, 2023 – Walmart (WMT) 165.52 Up +16.74% YTD

Dow stocks hitting 52-week highs include Walmart (WMT) 165.52 (+0.39%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +155 points.

Thursday the Dow closed up +564.50 (+1.70%) at 33,839.08.

Year-to-date the Dow is up +2.09%.

Thursday, (28) Dow stocks were up, none were at 52-week lows and (1) was at 52-week highs.

The Dow stock winners Thursday were led by Walgreens (WBA) 21.50 (+4.22%), Nike (NKE) 105.08 (+4.16%), Chevron (CVX) 148.76 (+3.32%), Caterpillar (CAT) 239.12 (+3.14%) and American Express (AXP) 150.85 (+3.00%).

The Dow stock loser Thursday was Travelers (TRV) 168.95 (-0.19%).

The VIX closed Thursday at 15.66 (-7.17%) and the 10 YR at 4.649 (-0.21%). The VIX is currently at 15.34 (-2.04%). The 10YR is at 4.499 (-3.43%).

As of Thursday’s close, the Dow is up 4.4%, on pace for its best weekly performance since October 2022.

The October jobs report on Friday came in weaker than expectations, suggesting the central bank is done raising rates. The U.S. economy last month added 150,000 jobs, below the 170,000 payrolls increase consensus estimate, and lower than September’s blowout of 297,000 jobs added. The unemployment rate rose to 3.9%, compared to expectations that it would hold steady at 3.8%. Average hourly earnings also missed expectations on a monthly basis, rising 0.2% in October, below the anticipated 0.3% increase.

Apple (AAPL) fell 3% after the iPhone maker issued a weak revenue outlook for the December quarter. Though the company beat on top and bottom lines in its fiscal fourth quarter, overall sales declined for the fourth quarter in a row.

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

The national average price of gasoline is down one cent at $3.438 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) reported earnings on 10/12/23 before the market open with $0.67, beating estimates of $0.682.

JPMorgan (JPM) reported earnings on 10/13/23 before the market open with $4.33, beating estimates of $3.96 per share.

UnitedHealth (UNH) reported earnings on 10/13/23 before the market open with $6.56, beating estimates of $6.327 per share.

Goldman Sachs (GS) reported earnings on 10/17/23 before the market open with $5.47, beating estimates of $5.31 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/23 before the market open with $2.66, beating estimates of $2.524 per share.

Travelers (TRV) reports earnings on 10/18/23 before the market open with $1.95, missing estimates of $2.932 per share.

Procter & Gamble (PG) reports earnings on 10/18/23 before the market open with $1.83, beating estimates of $1.71per share.

American Express (AXP) reported earnings on 10/20/23 before the market open with $3.30, missing estimates of $2.961 per share.

3M (MMM) reported earnings on 10/24/23 before the market open with $2.68, beating estimates of $2.335 per share.

Coca Cola (KO) reported earnings on 10/24/23 before the market open with $0.74, beating estimates of $0.687 per share.

Dow (DOW) reported earnings on 10/24/23 before the market open with $0.48, beating estimates of $0.435 per share.

Verizon (VZ) reported earnings on 10/24/23 before the market open with $1.22, beating estimates of $1.174 per share.

Microsoft (MSFT) reported earnings on 10/24/23 after the market close with $2.99, beating estimates of $2.65 per share.

Visa (v) reported earnings on 10/24/23 after the market close with $2.33, beating estimates of $2.233 per share.

Boeing (BA) reported earnings on 10/25/23 before the market open with -$3.26, missing estimates of -$3.205 per share.

IBM (IBM) reported earnings on 10/25/23 after the market close with $2.20, beating estimates of $2.12 per share.

Honeywell (HON) reported earnings on 10/26/23 before the market open with $2.27, beating estimates of $2.224 per share.

Merck (MRK) reported earnings on 10/26/23 before the market open with $2.13, beating estimates of $1.942 per share.

Intel (INTC) reported earnings on 10/26/23 after the market close with $0.41, beating estimates of $0.034per share.

Chevron (CVX) reported earnings on 10/27/23 before the market open with $3.05, missing estimates of $3.678 per share.

McDonald’s (MCD) reported earnings on 10/30/23 before the market open with $3.17, beating estimates of $3.003 per share.

Amgen (AMGN) reported earnings on 10/31/23 before the market open with $4.96, beating estimates of $4.655 per share.

Caterpillar (CAT) reported earnings on 10/31/23 before the market open with $5.52, beating estimates of $4.753 per share.

Apple (AAPL) reported earnings on 11/2/23 after the market close with $1.46, beating estimates of $1.392 per share.

Disney (DIS) reports earnings on 11/8/23 after the market close.

Home Depot (HD) reports earnings on 11/14/23 before the market open.

Today’s Featured Dow Stock

Walgreens (WBA)

Walmart (WMT) 165.52 (+0.39%) is up +16.74% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Oct), 4.0%, 4.2%
08:30 AM ET Average Hourly Earnings (MoM) (Oct), 0.3%, 0.2%
08:30 AM ET Average Weekly Hours (Oct), 34.4, 34.4
08:30 AM ET Government Payrolls (Oct), 73.0K
08:30 AM ET Manufacturing Payrolls (Oct), 0K, 17K
08:30 AM ET Nonfarm Payrolls (Oct), 188K, 336K
08:30 AM ET Participation Rate (Oct), 62.8%
08:30 AM ET Private Nonfarm Payrolls (Oct), 145K, 263K
08:30 AM ET U6 Unemployment Rate (Oct), 7.0%
08:30 AM ET Unemployment Rate (Oct), 3.8%, 3.8%
09:45 AM ET S&P Global Composite PMI (Oct), 51.0, 51.0
09:45 AM ET S&P Global Services PMI (Oct), 50.9, 50.9
10:00 AM ET ISM Non-Manufacturing Business Activity (Oct), 58.8
10:00 AM ET ISM Non-Manufacturing Employment (Oct), 53.4
10:00 AM ET ISM Non-Manufacturing New Orders (Oct), 51.8
10:00 AM ET ISM Non-Manufacturing PMI (Oct), 53.0, 53.6
10:00 AM ET ISM Non-Manufacturing Prices (Oct), 58.9
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 504
13:00 PM ET U.S. Baker Hughes Total Rig Count, 625
15:30 PM ET Fed Vice Chair for Supervision Barr Speaks
16:30 PM ET CFTC Aluminium speculative net positions, 7.1K
16:30 PM ET CFTC Copper speculative net positions, -20.8K
16:30 PM ET CFTC Corn speculative net positions, -48.3K
16:30 PM ET CFTC Crude Oil speculative net positions, 300.8K
16:30 PM ET CFTC Gold speculative net positions, 149.4K
16:30 PM ET CFTC Nasdaq 100 speculative net positions, 2.7K
16:30 PM ET CFTC Natural Gas speculative net positions, -70.3K
16:30 PM ET CFTC S&P 500 speculative net positions, 10.2K
16:30 PM ET CFTC Silver speculative net positions, 24.3K
16:30 PM ET CFTC Soybeans speculative net positions, 36.5K
16:30 PM ET CFTC Wheat speculative net positions, -59.9K

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