| The KUIK Morning Market Report for Wednesday, March 5: | |||||||
| Markets are down slightly after yesterday’s big up day. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (24) | points | 16,370 | 7:04 AM | ||
| S&P500 | Down | -0.09% | percent | 1,872 | (1.73) | ||
| Nasdaq Composite | Down | -0.14% | percent | 4,346 | (5.90) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.65 | Annual Yield | ||
| Private-sector employers added 139,000 jobs last month, up from a revised 127,000 in January, but down from 205,000 in February 2013, according to ADP. Economists expected 160,000. The severe cold weather is blamed for the shortfall. | |||||||
| The European Union will provide Ukraine with an 11 billion euro aid package in loans and grants, European Commission President Jose Manuel Barroso announced today. The EU budget will provide €3 billion in coming years, with another €8 billion from the European Investment Bank and the European Bank for Reconstruction and Development. The support is intended to stabilize the situation in Ukraine, which is under military threat by Russia. | |||||||
| The European economy is picking up. Data firm Markit said its composite Purchasing Managers Index for the euro zone rose to 53.3 in February from 52.9 in January, above the preliminary estimate of 52.7 released last month, and the highest since June 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-hiring-remains-weak-hurt-by-weather-2014-03-05 | |||||||
| http://www.marketwatch.com/story/eu-pledges-11-billion-in-aid-to-ukraine-2014-03-05 | |||||||
| http://www.marketwatch.com/story/euro-zone-economic-growth-picked-up-2014-03-05-44851938 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||