Market Update Report 2/5/2014

The KUIK Market Update for Wednesday, February 5:
Markets are down.
Index Direction Change Units Last Time Change
Dow Down                    (55) points           15,391 7:53 AM
S&P500 Down -0.66% percent             1,744           (11.67)
Nasdaq Composite Down -1.24% percent             3,981           (50.03)
30 Year Treasury Up                       4 Basis Points               3.63 Annual Yield
ADP reports private-sector-job growth slowed down in January, as employers added 175,000 jobs, and the December number was revised down to 227,000. Economists expected a gain of 189,000 job.
U.S. service-sector companies expanded slightly faster in January. The Institute for Supply Management said its nonmanufacturing index climbed to 54% last month from 53% in December, which matched expectations. Readings over 50% indicate more companies are expanding instead of contracting. The employment index hit the highest level in more than three years. New-orders  and production both increased.  Eleven of the industries tracked reported growth last month while seven recorded declines.  
3-D printer maker stocks tumbled after 3-D Systems cut its earnings outlook, underscoring worries about growth and  leading a broader decline in the tech sector.  3-D Systems dropped 25% in early trades after the company cut its full-year adjusted earnings forecast to 83 cents to 87 cents a share, down from a previous target of 93 cents to $1.03 cents a share. 
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/wall-street-cautious-ahead-of-adp-jobs-ism-data-2014-02-05
http://www.marketwatch.com/story/ism-services-index-rises-to-540-in-january-2014-02-05-1091935
http://www.marketwatch.com/story/tech-stocks-follow-3-d-printers-down-2014-02-05?link=MW_latest_news
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