| 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 | |||||||
| For today’s Market Update Report click to listen-> | |||||||