| The KUIK Market Update for Wednesday, June 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (99) | points | 15,078 | 7:57 AM | ||
| S&P500 | Down | -0.70% | percent | 1,620 | (11.48) | points | |
| Nasdaq Composite | Down | -0.67% | percent | 3,422 | (23.77) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.28 | Annual Yield | ||
| Some interesting statistics released by the Labor Department. Productivity rose a revised 0.5% from January through March, down from an initial read of 0.7%. That matched the forecast of economists’ expectations. Hourly compensation sank 3.8% in the first quarter instead of rising 1.2% as initially reported. That’s the biggest decline since the Labor Department began keeping track in 1947, with the largest drop occurring in manufacturing. Adjusted for inflation, it was down 5.2%. | |||||||
| ADP reported private-sector jobs rose in May, as the economy gained 135,000 jobs. Economists polled by Dow Jones expected 170,000 compared with an original April estimate of 119,000. | |||||||
| Toyota announced that it will recall 242,000 of its Prius and Lexus hybrid cars globally due to a faulty braking system. The company said vibrations may cause cracks in a brake pressure accumulator, resulting in a reduction of braking power. 91,000 of the vehicles are in North America. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/productivity-growth-estimates-revised-lower-2013-06-05 | |||||||
| http://www.marketwatch.com/story/adp-us-adds-135k-private-sector-jobs-in-may-2013-06-05-8911717 | |||||||
| http://www.marketwatch.com/story/toyota-to-recall-242000-hybrid-cars-globally-2013-06-05?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||