| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Friday, August 3. | |||||||
| Markets are up strongly this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 213 | points | 13,093 | 8:11 AM | ||
| S&P500 | Up | 1.85% | percent | 1,390 | |||
| Nasdaq Composite | Up | 1.98% | percent | 2,967 | |||
| 30 Year Treasury | Up | 10.5 | basis points | 2.65 | |||
| The employment report is lifting the market. The Labor Department reported employment outside the farm sector grew by 163,000 workers in the month. This is the fastest pace of job growth since February. Wall Street expected only 100,000 new jobs. he unemployment rate ticked up a tenth to 8.3%. | |||||||
| Also helping the market is speculation that Spain will soon make a formal request for aid. Spain’s 10-year government bond yields have fallen back under 7%. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/july-jobs-data-show-some-improvement-in-hiring-2012-08-03?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/us-stocks-open-strongly-higher-on-july-job-gains-2012-08-03-991398?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||