| The KUIK Market Update for Tuesday, November 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (33) | points | 15,606 | 8:16 AM | ||
| S&P500 | Down | -0.27% | percent | 1,763 | (4.76) | ||
| Nasdaq Composite | Down | -0.13% | percent | 3,932 | (4.99) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.74 | Annual Yield | ||
| U.S. service-sector companies expanded at a faster pace in October, according to the Institute for Supply Management. Its survey of purchasing managers rose to 55.4% in October from 54.4% in September. Economists expected a drop to 54.0%. Reading over 50% indicate expansion. Twelve of the 18 industries tracked reported growth last month, up from 11 in September. Production climbed to 59.7% from 55.1% but new-orders index to 56.8% from 59.6%. Employment rose to 56.2% from 52.7%. | |||||||
| Goldman Sachs economist Jan Hatzius put out a research note and the market is paying attention. He expecta the Federal Reserve will cut its unemployment threshold for lifting interest rates to 6% from 6.5% at the March 2014 meeting, along with its first taper of the central bank’s $85-billion-a-month bond-buying program. He says that move could come as early as December, lifting chances of an early tapering. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ism-services-index-rises-to-554-in-october-2013-11-05?dist=lcountdown | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/11/05/goldmans-hatzius-makes-a-big-fed-call-gets-everyone-excited/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||