Dow stocks hitting 52-week highs include Visa (V) 289.85 (-0.11%). Dow stock 52-week lows include Merck (MRK) 102.32 (-2.39%).

The Market

Premarket today, the Dow was indicated to be up +210 points.

Thursday the Dow closed down -378.08 (-0.90%) at 41,763.46.

Year-to-date the Dow is up +10.81%.

Thursday, (13) Dow stocks were up, (1) made 52-week lows, and (1) made 52-week highs.

The Dow stock winners Thursday were led by Verizon (VZ) 42.13 (+2.06%), Amgen (AMGN) 320.16 (+1.46%) and Disney (DIS) 96.20 (+1.18%).

The Dow stock losers Thursday were led by Microsoft (MSFT) 406.32 (-6.05%), Intel (INTC) 21.52 (-3.50%) and Amazon (AMZN) 186.40 (-3.28%).

The VIX closed Thursday at 23.16 (+13.81%) and the 10 YR at 4.281 (+0.16%). The VIX is currently at 21.86 (-5.61%). The 10YR is at 4.219 (-1.29%).

Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse, dented hiring plans. Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the estimate for 100,000, the Bureau of Labor Statistics reported Friday. It was the smallest gain since December 2020. The unemployment rate, however, held at 4.1%, in line with expectations. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.7%. In the report narrative, the BLS noted that the Boeing strike likely subtracted 44,000 jobs in the manufacturing sector, which lost 46,000 positions overall. Along with that, the report noted the impact of hurricanes Helene and Milton but said “it is not possible to quantify the net effect” of the storms on the jobs total. Also, the average hourly earnings increased 0.4% for the month, slightly higher than the estimate, though the 4% 12-month gain was in line. The average work week held steady at 34.3 hours.

Amazon (AMZN) popped 7% after posting stronger-than-expected earnings and robust cloud and advertising growth. Revenues for its Amazon Web Services grew 19% on a year-over-year basis.

Apple (AAPL) shares dropped 1.6% even after the technology giant surpassed top-and-bottom line estimates for the recent quarter and showed 6% revenue growth. Net income declined as company paid a one-time charge connected to a tax decision in Europe.

Chevron (CVX) shares were up more than 2% in the premarket on the back of better-than-expected third-quarter results. The company earned an adjusted $2.51 per share on revenue of $50.67 billion. Analysts expected a profit of $2.43 per share on revenue of $48.99 billion. Chevron also returned a record $7.7 billion to shareholders.

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

The national average price of gasoline is down nine-tenths of a cent at $3.122 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 10/1/24 after the market close with $0.70, beating estimates for $0.514 per share.

JPMorgan (JPM) reported earnings on 10/11/24 before the market open with $4.37, beating estimates of $4.01 per share.

Goldman Sachs (GS) reported earnings on 10/15/24 before the market open with $8.40, beating estimates of $6.89 per share.

Johnson & Johnson (JNJ) reported earnings on 10/15/24 before the market open with $2.41, beating estimates for $2.217 per share.

UnitedHealth (UNH) reported earnings on 10/15/24 before the market open with $7.15, beating estimates for $7.015 per share.

Travelers (TRV) reported earnings on 10/17/24 before the market open with $5.24, beating estimates for $3.794 per share.

American Express (AXP) reports earnings on 10/18/24 before the market open with $3.49, beating estimates for $3.266 per share.

Procter & Gamble (PG) reports earnings on 10/18/24 before the market open with $1.93, beating estimates for $1.898 per share.

3M (MMM) reported earnings on 10/22/24 before the market open with $1.98, beating estimates for $1.93 per share.

Verizon (VZ) reported earnings on 10/22/24 before the market open with $1.19, beating estimates for $1.181 per share.

Boeing (BA) reported earnings on 10/23/24 before the market open with -$10.44, missing estimates for -$10.337 per share.

Coca Cola (KO) reported earnings on 10/23/24 before the market open with $0.77, beating estimates for $0.743 per share.

IBM (IBM) reported earnings on 10/23/24 after the market close with $2.30, beating estimates for $2.265 per share.

Dow (DOW) reported earnings on 10/24/24 before the market open with $0.47, beating estimates for $0.464 per share.

Honeywell (HON) reported earnings on 10/24/24 before the market open with $2.58, beating estimates for $2.501 per share.

McDonald’s (MCD) reported earnings on 10/29/24 before the market open with $3.23, beating estimates for $3.181 per share.

Visa (V) reported earnings on 10/29/24 after the market close with $2.71, beating estimates for $2.581 per share.

Caterpillar (CAT) reported earnings on 11/05/24 before the market open with $5.17, missing estimates for $5.33 per share.

Amgen (AMGN) reports earnings on 10/30/24 after the market close with $5.58, beating estimates for $5.109 per share.

Microsoft (MSFT) reported earnings on 10/30/24 after the market close with $3.30, beating estimates for $3.083 per share.

Merck (MRK) reported earnings on 10/31/24 before the market open with $1.57, beating estimates for $1.504 per share.

Intel (INTC) reported earnings on 10/31/24 after the market close with -$0.46, missing estimates for -$0.205 per share.

Amazon (AMZN) reported earnings on 10/31/24 after the market close with $1.43, beating estimates for $1.144 per share.

Apple (AAPL) reported earnings on 10/31/24 after the market close with $1.64, beating estimates for $1.49 per share.

Chevron (CVX) reported earnings on 11/01/24 before the market open with $2.51, beating estimates for $2.47 per share.

Home Depot (HD) reports earnings on 11/12/24 before the market open.

Cisco (CSCO) reports earnings on 11/13/24 after the market close.

Disney (DIS) reports earnings on 11/14/24 before the market open.

Walmart (WMT) reports earnings on 11/19/24 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) 96.20 (+1.18%) is up +6.55% in 2024.

Financial Calendar

08:30 AM ET Average Hourly Earnings (YoY) (YoY) (Oct), 4.0%, 4.0%
08:30 AM ET Average Hourly Earnings (MoM) (Oct), 0.3%, 0.4%
08:30 AM ET Average Weekly Hours (Oct), 34.2, 34.2
08:30 AM ET Government Payrolls (Oct), 31.0K
08:30 AM ET Manufacturing Payrolls (Oct), -3K, -7K
08:30 AM ET Nonfarm Payrolls (Oct), 108K, 254K
08:30 AM ET Participation Rate (Oct), 62.7%
08:30 AM ET Private Nonfarm Payrolls (Oct), 115K, 223K
08:30 AM ET U6 Unemployment Rate (Oct), 7.7%
08:30 AM ET Unemployment Rate (Oct), 4.1%, 4.1%
09:00 AM ET Dallas Fed PCE (Sep), 1.50%
09:45 AM ET S&P Global US Manufacturing PMI (Oct), 47.8, 47.8
10:00 AM ET Construction Spending (MoM) (Sep), 0.0%, -0.1%
10:00 AM ET ISM Manufacturing Employment (Oct), 43.9
10:00 AM ET ISM Manufacturing New Orders Index (Oct), 46.1
10:00 AM ET ISM Manufacturing PMI (Oct), 47.6, 47.2
10:00 AM ET ISM Manufacturing Prices (Oct), 48.9, 48.3
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 480
13:00 PM ET U.S. Baker Hughes Total Rig Count, 585
14:00 PM ET Atlanta Fed GDPNow (Q4), 2.7%, 2.7%
15:30 PM ET CFTC Aluminium speculative net positions, 2.6K
15:30 PM ET CFTC Copper speculative net positions, 32.5K
15:30 PM ET CFTC Corn speculative net positions, 17.8K
15:30 PM ET CFTC Crude Oil speculative net positions, 173.7K
15:30 PM ET CFTC Gold speculative net positions, 296.2K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 2.7K
15:30 PM ET CFTC Natural Gas speculative net positions, -166.2K
15:30 PM ET CFTC S&P 500 speculative net positions, 23.0K
15:30 PM ET CFTC Silver speculative net positions, 66.4K
15:30 PM ET CFTC Soybeans speculative net positions, -78.3K
15:30 PM ET CFTC Wheat speculative net positions, -17.1K