Dow stocks hitting 52-week highs include Coca Cola (KO) 67.96 (+1.83%) and UnitedHealth (UNH) 572.77 (-0.59%). Dow stock 52-week lows include Intel (INTC) 29.05 (-5.50%).

The Market

Premarket today, the Dow was indicated to be down -285 points.

Thursday the Dow closed down -494.82 (-1.21%) at 40,347.97.

Year-to-date the Dow is up +7.05%.

Thursday, (9) Dow stocks were up, (1) made 52-week lows and (2) made 52-week highs.

The Dow stock winners Thursday were led by Procter & Gamble (PG) 165.69 (+3.07%), Johnson & Johnson (JNJ) 160.76 (+1.84%) and Coca Cola (KO) 67.96 (+1.83%).

The Dow stock losers Thursday were led by Boeing (BA) 178.31 (-6.45%), Intel (INTC) 29.05 (-5.50%) and Chevron (CVX) 152.62 (-4.89%).

The VIX closed Thursday at 18.59 (+13.63%) and the 10 YR at 3.970 (-2.96%). The VIX is currently at 21.00 (+12.96%). The 10YR is at 3.861 (-2.65%).

Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday. Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021. Average hourly earnings, a closely watched inflation barometer, increased 0.2% for the month and 3.6% from a year ago. Both figures were below respective forecasts for 0.3% and 3.7%.

In premarket trading, Amazon (AMZN) led the losses, sliding 9% after missing the Street’s estimates on second-quarter revenue and issuing a disappointing forecast. Intel (INTC) cratered nearly 24% after announcing weak guidance and layoffs. Apple (AAPL) shares inched lower despite the iPhone maker posting a fiscal third-quarter earnings beat as most tech stocks were hit hard following the weak jobs figures.

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

The national average price of gasoline is down two-tenths of a cent at $3.481 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) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reported earnings on 7/19/24 before the market open with $3.49, beating estimates for $3.24 per share.

Travelers (TRV) reported earnings on 7/19/24 before the market open with $2.51, beating estimates for $2.224 per share.

Verizon (VZ) reported earnings on 7/22/24 before the market open with $1.15, beating estimates for $1.141 per share.

Coca Cola (KO) reported earnings on 7/23/24 before the market open with $0.84, beating estimates for $0.802 per share.

Visa (V) reported earnings on 7/23/24 after the market close with $2.42, beating estimates for $2.411 per share.

IBM (IBM) reported earnings on 7/24/24 after the market close with $2.43, beating estimates for $2.16 per share.

Dow (DOW) reported earnings on 7/25/24 before the market open with $0.68, missing estimates for $0.718 per share.

Honeywell (HON) reported earnings on 7/25/24 before the market open with $2.49, beating estimates for $2.418 per share.

McDonald’s (MCD) reported earnings on 7/29/24 before the market open with $2.79, missing estimates for $3.079 per share.

3M (MMM) reports earnings on 7/26/24 before the market open with $1.93, beating estimates for $1.662 per share.

Merck (MRK) reported earnings on 7/30/24 before the market open with $2.728, beating estimates for $2.156 per share.

Procter & Gamble (PG) reported earnings on 7/30/24 before the market open with $1.40, beating estimates for $1.367 per share.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close with $2.95, beating estimates for $2.899 per share.

Boeing (BA) reported earnings on 7/31/24 before the market open with -$2.90, missing estimates for -$1.681 per share.

Apple (AAPL) reported earnings on 8/1/24 after the market close with $1.40, beating estimates for $1.342 per share.

Amazon (AMZN) reported earnings on 8/1/24 after the market close with $1.26, beating estimates for $1.046 per share.

Intel (INTC) reported earnings on 8/1/24 after the market close with $0.02, beating estimates for -$0.115 per share.

Chevron (CVX) reports earnings on 8/2/24 before the market open.

Caterpillar (CAT) reports earnings on 8/6/24 before the market open.

Amgen (AMGN) reports earnings on 8/6/24 after the market close.

Disney (DIS) reports earnings on 8/7/24 before the market open.

Home Depot (HD) reports earnings on 8/13/24 before the market open.

Cisco (CSCO) reports earnings on 8/14/24 after the market close.

Walmart (WMT) reports earnings on 8/15/24 before the market open.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 253.06 (-2.22%) is down -3.83% in 2024.

Financial Calendar

08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Jul), 3.7%, 3.9%
08:30 AM ET Average Hourly Earnings (MoM) (Jul), 0.3%, 0.3%
08:30 AM ET Average Weekly Hours (Jul), 34.3, 34.3
08:30 AM ET Government Payrolls (Jul), 70.0K
08:30 AM ET Manufacturing Payrolls (Jul), -1K, -8K
08:30 AM ET Nonfarm Payrolls (Jul), 176K, 206K
08:30 AM ET Participation Rate (Jul), 62.6%
08:30 AM ET Private Nonfarm Payrolls (Jul), 148K, 136K
08:30 AM ET U6 Unemployment Rate (Jul), 7.4%
08:30 AM ET Unemployment Rate (Jul), 4.1%, 4.1%
10:00 AM ET Durables Excluding Defense (MoM) (Jun), -7.0%
10:00 AM ET Durables Excluding Transport (MoM) (Jun), 0.5%
10:00 AM ET Factory Orders (MoM) (Jun), -2.7%, -0.5%
10:00 AM ET Factory orders ex transportation (MoM) (Jun), -0.7%
10:00 AM ET Total Vehicle Sales (Jul), 15.30M
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 482
13:00 PM ET U.S. Baker Hughes Total Rig Count, 589
15:30 PM ET CFTC Aluminium speculative net positions, 2.8K
15:30 PM ET CFTC Copper speculative net positions, 42.2K
15:30 PM ET CFTC Corn speculative net positions, -222.0K
15:30 PM ET CFTC Crude Oil speculative net positions, 276.0K
15:30 PM ET CFTC Gold speculative net positions, 273.1K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, -0.6K
15:30 PM ET CFTC Natural Gas speculative net positions, -88.4K
15:30 PM ET CFTC S&P 500 speculative net positions, -13.2K
15:30 PM ET CFTC Silver speculative net positions, 51.4K
15:30 PM ET CFTC Soybeans speculative net positions, -138.4K
15:30 PM ET CFTC Wheat speculative net positions, -34.6K