| The KUIK Morning Market Report for Wednesday, June 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (32) | points | 15,146 | 6:46 AM | ||
| S&P500 | Down | -0.21% | percent | 1,628 | (3.44) | points | |
| Nasdaq Composite | Down | -0.12% | percent | 3,441 | (4.00) | 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. | |||||||
| Japanese Prime Minister Shinzo Abe unveiled a new set of economic policies to revive his nation’s economy, including allowing public pension funds to buy more stocks and creating special economic zones to spur foreign investment, | |||||||
| 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/japans-abe-unveils-economic-blueprint-2013-06-05 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||