| The KUIK Morning Market Report for Friday, January 4: | |||||||
| Markets slightly down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (21) | points | 13,391 | 7:15 AM | ||
| S&P500 | Up | 0.2% | percent | 1,462 | 3.12 | points | |
| Nasdaq Composite | Down | -0.4% | percent | 3,101 | (1.17) | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.13 | Annual Yield | ||
| The Labor Department reports the U.S. created 155,000 jobs in December and the unemployment rate was unchanged at 7.8%, Economists surveyed by MarketWatch expected 160,000. November’s unemployment rate reported at 7.7% was revised upward to 7.8%. | |||||||
| The big news yesterday was Minutes of December’s Federal Open Market Committee were released and it revealed that some of the Fed governors are skeptical about the effectiveness of the Fed’s bond repurchase program. The purchases may be ending sooner than expected. | |||||||
| Minutes after that announcement, gold fell below the 1650 an oz. level. February Gold dropped 2.7%, to $1,630 an ounce, adding to the loss suffered overnight on the Comex division of the New York Merc. March silver dropped 4.7% to $29.26 an ounce, | |||||||
| As a result of the budget deal your paycheck will be getting smaller. Social Security tax deductions on paychecks will increase by 2% to 6.2%, up from 4.2% in 2012 and 2011, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-155000-jobs-in-december-2013-01-04 | |||||||
| http://www.marketwatch.com/story/fed-sees-bond-buying-program-ending-this-year-2013-01-03 | |||||||
| http://www.marketwatch.com/story/gold-silver-futures-tumble-after-fed-minutes-2013-01-03 | |||||||
| http://blogs.marketwatch.com/thetell/2013/01/04/post-cliff-tax-teeth-nipping-paychecks-with-new-irs-guidelines/ | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||