DJIA Market Happenings For Friday, December 2, 2016

Dow stocks at 52 week highs include Caterpillar (CAT), Chevron (CVX), Goldman Sachs (GS), JPMorgan (JPM), and UnitedHealth (UNH).Dow stock 52 week lows include Coca Cola (KO).

The Market

Premarket today, the Dow was indicated to open down -17 points.

Thursday the Dow was up +68.35 (+0.36%) at 19,191.93.

Year-to-date the Dow is up +10.14%.

There were 15 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Goldman Sachs (GS) +3.35% and General Electric (GE) +2.05%.

The Dow stock losers Thursday were led by Intel (INTC) -2.71% and Visa (V) -2.44%.

The U.S. economy added 178,000 jobs last month with the unemployment rate falling to 4.6 percent. Economists had expected a gain of 175,000 with the unemployment rate holding steady at 4.9 percent. Wages, however, slumped to 2.5 percent.

European stocks are lower and Asian markets lower.

The national average price of gasoline is up seven-tenths of a cent at $2.162 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is up +15.29% year-to-date.

Financial Calendar

0830 ET Nov non-farm payrolls expected +180,000, Oct +161,000. Nov private payrolls expected +170,000, Oct +142,000. Nov manufacturing payrolls expected -3,000, Oct -9,000. Nov unemployment rate expected unch at 4.9%, Oct -0.1 to 4.9%.

0830 ET Nov avg hourly earnings expected +0.2% m/m and +2.8% y/y, Oct +0.4% m/m and +2.8% y/y. Nov avg weekly hours all-employees expected unch at 34.4 hours, Oct unch at 34.4 hours.

0845 ET Fed Governor Lael Brainard delivers opening remarks at an event in Washington, D.C.

0945 ET Nov New York ISM, Oct -0.4 to 49.2.

1300 ET Fed Governor Daniel Tarullo speaks at the Financial Stability Conference on Innovation, Market Structure and Financial Stability.

The Dow Market Happenings For Thursday, December 1 2016

Dow stocks at 52 week highs include Boeing (BA), Chevron (CVX), Goldman Sachs (GS), JPMorgan (JPM), UnitedHealth (UNH) and United Technologies (UTX).Dow stock 52 week lows include Coca Cola (KO).

The Market

Premarket today, the Dow was indicated to open up +35 points.

Wednesday the Dow was up +1.98 (+0.01%) at 19,123.58.

Year-to-date the Dow is up +9.75%.

There were 9 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +3.56% and Dupont (DD) +3.38%.

The Dow stock losers Wednesday were led by Visa (V) -2.31% and Verizon (VZ) -2.08%.

The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 268,000 for the week ended Nov. 26. That was the highest level since June and marked the second straight week of increases. Claims for the prior week were unrevised. Despite the increase, claims remained below the 300,000 threshold, which is associated with a healthy labor market, for the 91st straight week. That is the longest run since 1970, when the labor market was much smaller. Economists had forecast first-time applications for jobless benefits rising to 253,000 in the latest week.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up five-tenths of a cent at $2.155 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is down -0.30% year-to-date.

Financial Calendar

0730 ET Nov Challenger job cuts, Oct -39.1% y/y.

0830 ET Weekly initial unemployment claims expected +2,000 to 253,000, previous +18,000 to 251,000. Weekly continuing claims expected -10,000 to 2.033 million, previous +60,000 to 2.043 million.

0830 ET USDA weekly Export Sales.

0900 ET Dallas Fed President Robert Kaplan (non-voter) speaks in a moderated Q&A at St. Marys University Forum on Entrepreneurship.

0945 ET Final-Nov Markit manufacturing PMI expected unch at 53.9, prelim-Nov +0.5 to 53.9.

1000 ET Oct construction spending expected +0.6%, Sep -0.4%.

1000 ET Nov ISM manufacturing index expected +0.4 to 52.3, Oct +0.4 to 51.9. Nov ISM new orders, Oct -3.0 to 52.1. Nov ISM employment, Oct +3.2 to 52.9. Nov ISM prices paid expected -0.5 to 54.0, Oct +1.5 to 54.5.

n/a Nov total vehicle sales expected 17.70 million, Oct 17.91 million. Nov domestic vehicle sales expected 14.00 million, Oct 14.05 million.

DJIA Market Happenings For Wednesday, November 30, 2016

Dow stocks at 52 week highs include Boeing (BA), Microsoft (MSFT) and UnitedHealth (UNH).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +62 points.

Tuesday the Dow was up +23.70 (+0.12%) at 19,121.60.

Year-to-date the Dow is up +9.74%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) +0.96% and Verizon (VZ) +0.89%.

The Dow stock losers Tuesday were led by Visa (V) -1.31% and American Express (AXP) -1.00%.

The private sector added 216,000 jobs in November according to payroll processor ADP. Economists expected 169,000 job gains and they predict the Labor Department on Friday will record 180,000 additional jobs in the public and private sectors. The Friday Jobs report will be the last before the Federal Reserve considers an anticipated interest rate hike at a mid-December meeting. The Fed has held its key rate steady since raising it in late 2015 for the first time in nine years. ADP tries to predict Labor’s private-sector job gains and came within 5,000 in October, but has missed by an average of more than 35,000 the past two years. In November, small businesses added 37,000 jobs, mid-size ones, 89,000 and large companies, 90,000.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up a 1.5 cents at $2.150 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is up +10.26% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +5.5% with purchase sub-index +18.8% and refi sub-index -3.1%.

0800 ET Dallas Fed President Robert Kaplan (non-voter) speaks to the Economic Club of New York.

0815 ET Nov ADP employment change expected +169,000, Oct +147,000.

0830 ET Oct personal spending expected +0.5%, Sep +0.5%. Oct personal income expected +0.4%, Sep +0.3%.

0830 ET Oct PCE deflator expected +0.3% m/m and +1.5% y/y, Sep +0.2% m/m and +1.2% y/y. Oct core PCE expected +0.1% m/m and +1.7% y/y, Sep +0.1% m/m and +1.7% y/y.

0945 ET Nov Chicago PMI expected +1.9 to 52.5, Oct -3.6 to 50.6.

1000 ET Oct pending home sales expected unch m/m, Sep +1.5% m/m and +2.0% y/y.

1030 ET EIA Weekly Petroleum Status Report.

1145 ET Fed Governor Jerome Powell speaks at the Brookings Institute in Washington, D.C.

1400 ET Fed Beige Book.

n/a OPEC meeting in Vienna.