| The KUIK Market Update for Friday, October 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 35 | points | 15,030 | 8:00 AM | ||
| S&P500 | Up | 0.33% | percent | 1,684 | 5.50 | ||
| Nasdaq Composite | Up | 0.54% | percent | 3,795 | 20.28 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.73 | Annual Yield | ||
| Due to the government shutdown, the monthly jobs report was not released this morning. Marketwatch reports that senior Republicans in Congress are shifting from their drive to defund the health-care law toward a broader budget deal. | |||||||
| As U.S. lawmakers failed to reach a deal to avert a shutdown, economic confidence dropped, according to data from polling and research firm Gallup. The confidence index recently fell to -32, the lowest reading in more than a year. Meaning that the share of all respondents who said conditions were poor was 32 percentage points greater than the share who said they were excellent or good. | |||||||
| There was a sharp split at the Federal Reserve on the decision to taper, Dallas Fed President Richard Fisher said today, according to Reuters. Fisher, was speaking at the Clinton Presidential Center in Little Rock, Arkansas. He labelled the decision a “close call.” He also said that the central bank’s decision not to taper has added to the general climate of uncertainty holding back the economy | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stocks-waver-remain-on-track-for-weekly-losses-2013-10-04 | |||||||
| http://www.marketwatch.com/story/see-confidence-drop-as-shutdown-starts-2013-10-04?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/fisher-said-fed-vote-was-close-call-2013-10-04?link=MW_Nav_NV | |||||||
| For today’s Market Update Report click to listen-> | |||||||