| The KUIK Morning Market Report for Wednesday, July 3: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Down | (12) | points | 14,920 | 6:51 AM | ||
| S&P500 | Down | -0.29% | percent | 1,609 | |||
| Nasdaq Composite | Down | -0.13% | percent | 3,430 | |||
| 30 Year Treasury | Up | 2 | Basis Points | 3.49 | Annual Yield | ||
| The U.S. trade deficit widened by 12.1% in May to $45.0 billion, according to the Commerce Department. This is the largest deficit since last November and came in above expectations. Economists polled by MarketWatch forecast $40.3 billion. The deficit has climbed in April and May falling to $37.1 billion in March, the lowest since October 2009. The deficit for the first five months of the year remains below the trade gap in the same period in 2012. Imports rose in May while exports moved lower. Our trade deficit with China widened to $27.9 billion in May compared with $26.0 billion in the same month last year. | |||||||
| The Labor Department reported initial jobless claims declined by 5,000 to a seasonally adjusted 343,000 in the week ended June 29. The claims report was moved up one day from its normal publication date on Thursday because of tomorrow’s July 4 holiday. Economists expected 346,000, down slightly from 348,000 the week before. | |||||||
| In June the economy posted the largest monthly private employment gain in four months according to Automatic Data Processing. Employers added 188,000 private jobs in June — the most since February — up from a revised 134,000 in May. Economists expected only 60,000 private jobs, compared with an original May estimate of 135,000. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-gap-widens-sharply-in-may-2013-07-03 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-5000-to-343000-2013-07-03 | |||||||
| http://www.marketwatch.com/story/private-job-growth-picks-up-in-june-2013-07-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||