| The KUIK Market Update for Wednesday, March 6: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 38 | points | 14,292 | 7:39 AM | ||
| S&P500 | Up | 0.05% | percent | 1,541 | 0.75 | points | |
| Nasdaq Composite | Down | -0.10% | percent | 3,221 | (3.28) | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.14 | Annual Yield | ||
| Stocks are up after payroll processor ADP reported that the economy gained 198,000 private jobs in February. January saw an increase of 215,000 private jobs, compared with a prior estimate of 192,000, according to ADP. Economists polled by MarketWatch had expected the report to show a gain of 175,000 jobs in February. | |||||||
| Orders for goods produced in U.S. factories fell 2.0% in January, largely because of fewer orders for aircraft, according to the Commerce Department. Economists surveyed by MarketWatch expected orders to decline by 2.2%. Excluding transportation, orders climbed 1.3%. Orders for durable goods – products meant to last at least three years -dropped 4.9% in January. | |||||||
| President Obama Obama will meet with House Republicans next week. White House spokesman Jay Carney said Tuesday that Obama is reaching out to members of Congress to try to find a “caucus of common sense” on Capitol Hill who might be interested in reaching a deficit-reduction deal. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-jobs-growth-beats-expectations-2013-03-06 | |||||||
| http://www.marketwatch.com/story/us-factory-orders-drop-20-in-january-2013-03-06 | |||||||
| http://wwhttp://www.marketwatch.com/story/obama-to-meet-congressional-republicans-next-week-2013-03-06 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||