| The KUIK Morning Market Report for Wednesday, October 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 13 | points | 15,694 | 6:56 AM | ||
| S&P500 | Up | 0.06% | percent | 1,773 | 1.09 | ||
| Nasdaq Composite | Up | 0.24% | percent | 3,962 | 9.63 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.61 | 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%. | |||||||
| The Federal Reserve’s statement from its two day meeting is due at 11 am Pacfic time. It will be today’s main event for investors. Analysts expect no change in interest rates or to the central bank’s $85-billion-a-month bond-buying program. | |||||||
| 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.marketwatch.com/story/stocks-rise-after-adp-data-ahead-of-fed-decision-2013-10-30?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||