| The KUIK Morning Market Report for Friday, February 7: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 73 | points | 15,705 | 7:02 AM | ||
| S&P500 | Up | 0.71% | percent | 1,786 | 12.55 | ||
| Nasdaq Composite | Up | 0.85% | percent | 4,091 | 34.34 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.67 | Annual Yield | ||
| The Labor Department reports that the US added 113,000 jobs in January. Economists polled by Marketwatch expected 190,000 jobs. The unemployment rate dropped to 6.6% from 6.7% in December. That’s the lowest level since October 2008. The labor force participation rate edged up to 63.0% from 62.8% in December, which matched a 35-year low. Government payrolls dropped by 29,000. | |||||||
| After dipping into negative territory, European stock markets moved firmly higher on that employment report. The Stoxx Europe 600 index rose 0.7% at 325.09, following a gain yesterday, when the index had its biggest gain since Dec. 19. The rally came after the European Central Bank left its key lending rate at a record low of 0.25%, although ECB President Mario Draghi reiterated a pledge to ease further if needed. | |||||||
| The Financial Times reports that IBM is exploring the sale of its semiconductor manufacturing business. It plans to retain its chip-design capability. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-adds-113000-jobs-in-january-2014-02-07 | |||||||
| http://www.marketwatch.com/story/european-stocks-climb-ahead-us-nonfarm-data-2014-02-07?link=MW_Nav_MA | |||||||
| http://www.marketwatch.com/story/ibm-looking-to-sell-chip-manufacturing-operations-2014-02-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||