| The KUIK Market Update for Friday, March 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 27 | points | 14,357 | 8:03 AM | ||
| S&P500 | Up | 0.09% | percent | 1,546 | 1.39 | points | |
| Nasdaq Composite | Up | 0.03% | percent | 3,233 | 0.87 | points | |
| 30 Year Treasury | Up | 5 | Basis Points | 3.25 | Annual Yield | ||
| The Labor Department reported the U.S. added 236,000 jobs in February and the unemployment rate fell to 7.7% from 7.9%, marking the lowest level since December 2008. Economists polled by Marketwatch expected 160,000. The job gains were the highest since November and were broad based, led by professional services (73,000), construction (48,000), health care (32,000) and retail (24,000). | |||||||
| Inventories at the wholesale level rebounded sharply in January after slight gain in the prior month, according to the Commerce Department. Inventories rose 1.2% in January to a seasonally adjusted $504.4 billion. This is the largest monthly gain since December 2011. Economists were expecting an increase of about 0.3%. | |||||||
| Do you feel rich? Thanks to higher U.S. stock prices and rising home values, U.S. households’ net worth rose almost $1.2 trillion in the fourth quarter to reach $66 trillion, the highest level since the fourth quarter of 2007, when the Great Recession began, according to the Federal Reserve. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/gold-tumbles-after-better-than-expected-jobs-data-2013-03-08 | |||||||
| http://www.marketwatch.com/story/household-net-worth-highest-since-2007-2013-03-08 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||