| The KUIK Market Update for Wednesday, January 8: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (71) | points | 16,460 | 8:06 AM | ||
| S&P500 | Unchanged | 0.00% | percent | 1,838 | 0.06 | ||
| Nasdaq Composite | Up | 0.31% | percent | 4,166 | 12.76 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.92 | Annual Yield | ||
| ADP reports private sector employers added 238,000 jobs last month, the most since November 2012. They added an average of 224,000 jobs per month in the fourth quarter, slightly up from 211,000 a year earlier.For all of 2013, ADP says that private employers added 2.16 million jobs, up from 1.96 million in 2012, but down from 2.5 million in 2011. | |||||||
| Markets are waiting on the Fed. It will release the minutes from the Dec. 18 meeting of the Federal Open Market Committee at 11 am Pacific Time. The Fed announced a $10 billion reduction in the central bank’s bond purchase program, cutting it to a $75 billion-a-month pace starting in January. | |||||||
| Who would have thought that Colorado would have a shortage of marijuana? Six days after sales became legal, stores are rationing how much they sell, and a company that makes cannabis-infused sparkling fruit drinks and chocolates ran out of supplies in three days. Lodo Wellness Center in downtown Denver, limits customers to an eighth of an ounce one-eighth of what they can legally buy. With supplies short, can higher prices be far behind? | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-hiring-strongest-in-more-than-a-year-2014-01-08 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/01/07/fed-minutes-adp-jobs-data-clues-about-tapering-and-labor-market/ | |||||||
| http://blogs.marketwatch.com/themargin/2014/01/07/colorado-is-running-low-on-legal-marijuana/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||