| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Friday, June, 1 | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | 8:10 AM | ||
| Dow | Down | (228) | points | 12,166 | |||
| S&P500 | Down | -1.80% | percent | 1,287 | |||
| Nasdaq Composite | Down | -2.11% | percent | 2,768 | |||
| 30 Year Treasury | Down | (11.5) | basis points | 2.56 | |||
| The jobs report is out. The Labor Department reported only 69,000 new jobs in May and the jobless rate moved up to 8.2%. This is the smallest increase since May 2011. The number of new jobs created in April and March were also revised lower. Economists surveyed by MarketWatch forecast 165,000 new jobs and the jobless rate to hold at 8.1%. | |||||||
| August Gold is up 3.1%, to trade at $1,612.90 an ounce on the Comex division of the New York Merc. The bad jobs report raises the chance of more easing by the Fed and a weaker dollar. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-creates-69000-jobs-in-may-2012-06-01 | |||||||
| http://www.marketwatch.com/story/gold-futures-decline-ahead-of-payrolls-data-2012-06-01 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | http://wp.me/p2lo3H-mQ | ||||||