P&G, Disney Weigh on DJIA Friday

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November 4, 2016: Markets opened higher again Friday following a solid non-farm payrolls report that, including revisions for the past two months, topped 200,000 new jobs. But as happened on Thursday, equities slunk lower in the afternoon. The healthcare and real-estate sectors have posted the largest gains while consumer staples, financials, and energy sectors have dragged on the markets. WTI crude oil for December delivery settled at $44.07 a barrel, down 1.3% for the day, while the drop for the week totals 9.5%, the largest weekly fall since January. December gold added nearly 0.1% on the day to settle at $1,304.50 and a weekly gain of 3.2%. Equities were headed for a lower close before the bell as the DJIA traded down 0.22% for the day, the S&P 500 traded down 0.16%, and the Nasdaq Composite traded down 0.24%.

The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was The Procter & Gamble Co. (NYSE: PG) which traded down 1.74% at $85.10. The stock’s 52-week range is $73.95 to $90.33. Trading volume was about 65% below the daily average of around 21 million. The company had no specific news.

The Travelers Companies Inc. (NYSE: TRV) traded down 1.06% at $104.60. The stock’s 52-week range is $101.23 to $119.32. Volume was about equal to the daily average of around 1.5 million shares. The company had no specific news Friday.

JPMorgan Chase & Co. (NYSE: JPM) traded down 0.91% at $67.75. The stock’s 52-week range is $52.50 to $69.78. Volume was about 25% below the daily average of around 14 million shares. The big bank had no specific news.

The Walt Disney Co. (NYSE: DIS) traded down 0.86% at $92.57. The stock’s 52-week range is $86.25 to $122.69. Volume of about 21 million was about 25% below the daily average of around 7.5 million shares. Ratings service Nielsen reaffirmed its earlier estimate of subscriber losses at Disney’s ESPN network.

Of the 30 Dow index stocks 13 are on track to close higher Friday and 17 are set to close lower.