| The KUIK Morning Market Report for Wednesday, May 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (48) | 17792 | 14,761 | 2:14 PM | ||
| S&P500 | Down | -0.30% | percent | 1,593 | points | ||
| Nasdaq Composite | Down | -0.10% | percent | 3,326 | points | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.84 | Annual Yield | ||
| Private employers added 119,000 jobs in April, the weakest gain since September, compared with 131,000 in March, according to the ADP monthly jobs report. Economists polled by MarketWatch expected 150,000 jobs in April, compared with the original March estimate of 158,000. | |||||||
| The final reading of Markit’s manufacturing purchasing managers index slowed to a six-month low of 52.1 in April from 54.6 in March. Markit said the index fell the fastest since June 2010 and represented only a modest improvement in overall business conditions. The initial estimate for April was 52. | |||||||
| The U.S. may decide to gradually trim the size of its note and bond auctions in coming quarters, but no decision has been reached, according to the Treasury Department. A committee of Wall Street bond traders had an “active discussion” with Treasury officials about potential changes to auction sizes, according to minutes of the Treasury borrowing advisory committee. Higher tax receipts this year have led to an improvement in the outlook for the federal budget deficit in the short term. | |||||||
| 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-slows-in-april-adp-2013-05-01?dist=beforebell | |||||||
| http://www.marketwatch.com/story/final-markit-manufacturing-pmi-at-6-month-low-2013-05-01 | |||||||
| http://www.marketwatch.com/story/treasury-may-trim-note-bond-auctions-2013-05-01 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||