The Dow Market Happenings For Friday, July 5, 2024 – Johnson & Johnson (JNJ) 145.69 Down -7.05% YTD

Dow stocks hitting 52-week highs include Apple (AAPL) 221.55 (+0.58%), JPMorgan (JPM) 208.69 (-0.07%) and Microsoft (MSFT) 460.77 (+0.32%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +25 points.

Wednesday the Dow closed down -23.85 (-0.06%) at 39,308.00.

Year-to-date the Dow is up +4.29%.

Wednesday, (14) Dow stocks were up, none made 52-week lows and (3) made 52-week highs.

The Dow stock winners Wednesday were led by Salesforce (CRM) 260.95 (+1.86%), McDonald’s (MCD) 250.00 (+0.89%) and Caterpillar (CAT) 330.61 (+0.87%).

The Dow stock losers Wednesday were led by UnitedHealth (UNH) 489.89 (-1.68%), Merck (MRK) 125.85 (-1.46%) and Amazon (AMZN) 197.59 (-1.21%).

The VIX closed Wednesday at 12.26 (+1.41%) and the 10 YR at 4.360 (+0.46%). The VIX is currently at 12.32 (+1.90%). The 10YR is at 4.301 (-0.90%).

The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday. Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 forecast though less than the downwardly revised gain of 218,000 in May, which was cut sharply from the initial estimate of 272,000. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. The forecast had been for the jobless rate to hold steady at 4%. The increase in the unemployment rate came as the labor force participation rate, which indicates the level of working-age people who are employed or actively searching for a job, rose to 62.6%, up 0.1 percentage point. A broader unemployment rate which counts discouraged workers and those holding part-time jobs for economic reasons held steady at 7.4%. Household employment, which is used to calculate the unemployment rate, increased by 116,000.

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

The national average price of gasoline is down one-tenth of a cent at $3.514 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reports earnings on 7/12/24 before the market open.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/24 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/17/24 before the market open.

American Express (AXP) reports earnings on 7/19/24 before the market open.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Verizon (VZ) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

McDonald’s (MCD) reports earnings on 7/29/24 before the market open.

3M (MMM) reports earnings on 7/30/24 before the market open.

Caterpillar (CAT) reports earnings on 7/30/24 before the market open.

Merck (MRK) reports earnings on 7/30/24 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/24 before the market open.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 145.69 (-0.23%) is down -7.05% in 2024.

Financial Calendar

05:40 AM ET FOMC Member Williams Speaks
08:30 AM ET Average Hourly Earnings (MoM) (Jun), 0.3%, 0.4%
08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Jun), 3.9%, 4.1%
08:30 AM ET Average Weekly Hours (Jun), 34.3, 34.3
08:30 AM ET Government Payrolls (Jun), 43.0K
08:30 AM ET Manufacturing Payrolls (Jun), 6K, 8K
08:30 AM ET Nonfarm Payrolls (Jun), 194K, 272K
08:30 AM ET Participation Rate (Jun), 62.5%
08:30 AM ET Private Nonfarm Payrolls (Jun), 160K, 229K
08:30 AM ET U6 Unemployment Rate (Jun), 7.4%
08:30 AM ET Unemployment Rate (Jun), 4.0%, 4.0%
10:00 AM ET Total Vehicle Sales, 15.80M, 15.90M
11:00 AM ET Fed Monetary Policy Report
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 479
13:00 PM ET U.S. Baker Hughes Total Rig Count, 581
15:30 PM ET CFTC Aluminium speculative net positions, 2.3K
15:30 PM ET CFTC Copper speculative net positions, 50.1K
15:30 PM ET CFTC Corn speculative net positions, -169.8K
15:30 PM ET CFTC Crude Oil speculative net positions, 271.2K
15:30 PM ET CFTC Gold speculative net positions, 246.2K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 7.4K
15:30 PM ET CFTC Natural Gas speculative net positions, -89.3K
15:30 PM ET CFTC S&P 500 speculative net positions, -65.2K
15:30 PM ET CFTC Silver speculative net positions, 56.0K
15:30 PM ET CFTC Soybeans speculative net positions, -111.2K
15:30 PM ET CFTC Wheat speculative net positions, -44.5K
16:30 PM ET Fed’s Balance Sheet, 7,231B
16:30 PM ET Reserve Balances with Federal Reserve Banks, 3.269T

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