DJIA Market Happenings For Friday, December 8, 2023 – Procter & Gamble (PG) 146.50 Down -3.34% YTD

There are no Dow stocks hitting 52-week highs. There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -64 points.

Thursday the Dow closed up +62.95 (+0.17%) at 36,117.38.

Year-to-date the Dow is up +8.96%.

Thursday, (18) Dow stocks were up, none were at 52-week lows and none were at 52-week highs.

The Dow stock winners Thursday were led by Walgreens (WBA) 22.91 (+7.16%), Intel (INTC) 42.15 (+2.13%) and Cisco (CSCO) 48.26 (+1.17%).

The Dow stock losers Thursday were led by Merck (MRK) 103.88 (-1.66%), Nike (NKE) 114.81 (-1.12%) and Johnson & Johnson (JNJ) 155.40 (-0.78%).

The VIX closed Thursday at 13.06 (+0.69%) and the 10 YR at 4.148 (+0.027%). The VIX is currently at 12.85 (-1.61%). The 10YR is at 4.226 (+0.097%).

Nonfarm payrolls rose by a seasonally adjusted 199,000 in November, slightly better than the 190,000 Dow Jones estimate and ahead of the October gain of 150,000. The unemployment rate declined to 3.7%, compared to the forecast for 3.9%, as the labor force participation rate edged higher. Average hourly earnings, a key inflation indicator, increased by 0.4% for the month and 4% from a year ago, close to expectations.

The Fed meets next week with rate decision on Wednesday. We also get the latest CCPI data next week.

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

The national average price of gasoline is down 1.7 cents at $3.185 per gallon.

Earnings Reports

Salesforce (CRM) reported earnings 11/29/23 after the close with $2.11, beating estimates of $1.512 per share.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 146.50 (-0.10%) is down -3.34% in 2023.

Financial Calendar

08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Nov), 4.0%, 4.1%
08:30 AM ET Average Hourly Earnings (MoM) (Nov), 0.3%, 0.2%
08:30 AM ET Average Weekly Hours (Nov), 34.3, 34.3
08:30 AM ET Government Payrolls (Nov), 51.0K
08:30 AM ET Manufacturing Payrolls (Nov), 30K, -35K
08:30 AM ET Nonfarm Payrolls (Nov), 180K, 150K
08:30 AM ET Participation Rate (Nov), 62.7%
08:30 AM ET Private Nonfarm Payrolls (Nov), 153K, 99K
08:30 AM ET U6 Unemployment Rate (Nov), 7.2%
08:30 AM ET Unemployment Rate (Nov), 3.9%, 3.9%
10:00 AM ET Michigan 1-Year Inflation Expectations (Dec), 4.5%
10:00 AM ET Michigan 5-Year Inflation Expectations (Dec), 3.2%
10:00 AM ET Michigan Consumer Expectations (Dec), 56.8
10:00 AM ET Michigan Consumer Sentiment (Dec), 62.0, 61.3
10:00 AM ET Michigan Current Conditions (Dec), 68.3
12:00 PM ET WASDE Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 505
13:00 PM ET U.S. Baker Hughes Total Rig Count, 625
15:30 PM ET CFTC Aluminium speculative net positions, 6.3K
15:30 PM ET CFTC Copper speculative net positions, -3.9K
15:30 PM ET CFTC Corn speculative net positions, -157.1K
15:30 PM ET CFTC Crude Oil speculative net positions, 183.2K
15:30 PM ET CFTC Gold speculative net positions, 200.1K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 7.3K
15:30 PM ET CFTC Natural Gas speculative net positions, -107.9K
15:30 PM ET CFTC S&P 500 speculative net positions, -65.0K
15:30 PM ET CFTC Silver speculative net positions, 34.3K
15:30 PM ET CFTC Soybeans speculative net positions, 50.7K
15:30 PM ET CFTC Wheat speculative net positions, -97.2K

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