Market Update Report 10/30/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Wednesday, October 30:

Markets are up slightly.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	9	points	15,690	8:04 AM
S&P500	Up	0.03%	percent	1,772		0.50
Nasdaq Composite	Up	0.02%	percent	3,953		0.80
30 Year Treasury	Down	(0)	Basis Points	3.62	Annual Yield

ADP reports private employers added 130,000 jobs this month, the fewest since April and down from 145,000 in September. Analysts expected 150,000. Over the three months through October, the economy gained an average of 142,000 jobs per month, down from an average of 220,000 at the start of the year.

The Labor Department reports the consumer price index climbed a seasonally adjusted 0.2% in September. The matched economists expectations. Inflation appears to be under control. In the one-year period of September 2012 to September 2013 inflation fell to an annual rate of 1.2% from 1.5%, for the lowest annualized increase since the spring, and below the Federal Reserve’s target of 2% to 2.5%.

Embattled Health and Human Services Secretary Kathleen Sebelius is on Capitol Hill this hour testifiying before the House Energy and Commerce Committee. Healthcare.gov crashed thirty minutes before she began her testimony. Lawmakers’ concerns have shifted from the faulty website to the thousands of Ameicans individual health insurance policies being cancelled by their insurance companies. The Washington Post reports that Sebelius’ career is now on “Deathwatch.”



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/private-job-gains-lowest-in-six-months-adp-2013-10-30
http://www.marketwatch.com/story/consumer-prices-rise-slightly-in-september-2013-10-30
http://www.breitbart.com/Big-Government/2013/10/30/Minutes-Before-Sebelius-Testimony-ObamaCare-Site-Crashes


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