Morning Market Report 12/4/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, December 4:

Markets are down.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(51)	points	15,863	6:51 AM
S&P500	Down	-0.38%	percent	1,788		(6.76)
Nasdaq Composite	Down	-0.24%	percent	4,027		(9.78)
30 Year Treasury	Up	6	Basis Points	3.89	Annual Yield

The ADP jobs report shows that private-sector hiring in November was the hottest in a year, as 215,000 jobs were added. That blew away the consensus forecast, which expected 178,000 new private jobs, up from an originally estimated gain of 130,000 in October, after the government shutdown.

The Hill reports House Democrats are lining up against a stopgap spending bill that would keep the automatic budget cuts known as the sequester. Republican leaders have been preparing a bill if a House-Senate budget conference falls apart. While the heads of that committee continue to talk, there’s no deal yet, and opposition to a stopgap bill raises the prospect of a shutdown in mid-January.

The Commerce Department reports the nation’s trade deficit fell 5.4% to $40.6 billion in October, as the U.S. exported more while buying foreign-made goods at a slower ratey. Economists polled by MarketWatch had projected a decline to $40.4 billion in October on a seasonally adjusted basis. Exports rose 1.8% to $192.7 billion. Imports climbed a smaller 0.4% to $233.3 billion, but that still marked the highest level since March 2012.



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

http://www.marketwatch.com/story/private-job-gains-hottest-in-a-year-2013-12-04
http://blogs.marketwatch.com/capitolreport/2013/12/04/government-shutdown-risk-is-rising-plus-more-wednesday-reads/
http://www.marketwatch.com/story/us-trade-deficit-drops-54-in-october-2013-12-04


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