| The KUIK Morning Market Report for Friday, February 1: | |||||||
| Markets are up on economic data. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 109 | points | 13,970 | 7:03 AM | ||
| S&P500 | Up | 0.38% | percent | 1,508 | 5.67 | points | |
| Nasdaq Composite | Up | 0.56% | percent | 3,160 | 17.44 | points | |
| 30 Year Treasury | Down | (6) | Basis Points | 3.14 | Annual Yield | ||
| The U.S. created 157,000 jobs in January and the unemployment rate ticked up to 7.9%, but the economy added 335,000 more jobs in 2012 than previously estimated, with a large chunk coming in the final months of the year. The latest employment figures, which include annual revisions based on business tax returns, show that hiring was stronger in 2012 and 2011 than initially believed. And job growth was sharply higher in the fourth quarter, according to new Labor Department data. | |||||||
| The final reading for the U.S. manufacturing purchasing managers index in January was 55.8, worse than the flash reading of 56.1 but still at a nine-month high, Markit reported Friday. Above 50 indicates expansion. | |||||||
| Consumer sentitment is up. Bloomberg reports the University of Michigan-Thomson Reuters consumer-sentiment inidex rose to final January reading of 73.8 from 72.9 in December. Economists expected 71. Higher payrolls taxes are weighing on consumers. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-adds-157000-jobs-as-past-data-revised-higher-2013-02-01 | |||||||
| http://www.marketwatch.com/story/us-manufacturing-pmi-in-jan-at-9-month-high-2013-02-01 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||