| The KUIK Morning Market Report for Friday, May 3: | |||||||
| Markets are up strongly this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 140 | points | 14,969 | 7:02 AM | ||
| S&P500 | Up | 0.98% | percent | 1,613 | 15.72 | points | |
| Nasdaq Composite | Up | 1.17% | percent | 3,380 | 39.01 | points | |
| 30 Year Treasury | Up | 9 | Basis Points | 2.92 | Annual Yield | ||
| The Labor Department reports the nation created 165,000 jobs in April, more than the 135,000 forecast by economists polled by MarketWatch. The number of new jobs created in March was revised up to 138,000 from 88,000, and February’s figure was revised up to 332,000 from 268,000. | |||||||
| European stock markets went from flat to higher after a largely sluggish day of trading to push higher after that better-than-expected U.S. jobs data. The Stoxx Europe 600 index rose 0.6%, while the German DAX 30 index rose 0.9%, the French CAC 40 index rose 0.7%, and The FTSE 100 index rose 0.7%. | |||||||
| With worsening economic conditions, the European Commission cut its growth forecasts for the 17-nation euro area, saying it now expects gross domestic product will shrink 0.4% this year, versus prior expectations for a drop of only 0.3%. Growth fell 0.6% in 2012, which would make for two years of back-to-back contraction for the region. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-creates-165000-jobs-in-april-2013-05-03 | |||||||
| http://www.marketwatch.com/story/europe-stocks-higher-after-us-jobs-data-beats-2013-05-03 | |||||||
| http://www.marketwatch.com/story/eu-cuts-growth-forecasts-for-2013-2013-05-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||