| The KUIK Morning Market Report for Friday, April 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (149) | points | 14,457 | 6:56 AM | ||
| S&P500 | Down | -1.16% | percent | 1,542 | (18.08) | points | |
| Nasdaq Composite | Down | -1.50% | percent | 3,177 | (48.27) | points | |
| 30 Year Treasury | Down | (12) | Basis Points | 2.87 | Annual Yield | ||
| The Labor Department hurt the stock market. The U.S. added only a seasonally adjusted 88,000 jobs last month — the smallest increase since June — and nearly half-a-million people stopped looking for work in March. Economists polled by MarketWatch forecast 190,000 new jobs. The unemployment rate fell to 7.6% from 7.7%, the lowest level since December 2007, but the decline stemmed from more Americans dropping out of the labor force. | |||||||
| The good news is that strong domestic production of oil and natural gas helped push the trade deficit down in February according to the Commerce Department. The nation’s trade deficit narrowed 3.4% in February to $43.0 billion from $44.5 billion in January, as the U.S. imported the lowest amount of crude oil in 16 years. | |||||||
| Gold is up and oil is down on that jobs report. May Crude oil fell1%, to $92.25 a barrel, while May gold rose 0.7%, to $1,563.30 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobs-gain-in-march-lowest-in-10-months-2013-04-05 | |||||||
| http://www.marketwatch.com/story/gold-jumps-oil-prices-fall-on-poor-jobs-data-2013-04-05 | |||||||
| http://www.marketwatch.com/story/us-trade-gap-narrows-unexpectedly-in-february-2013-04-05-81034453?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | |||||||