| The KUIK Morning Market Report for Friday, March 7: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 32 | points | 16,457 | 7:09 AM | ||
| S&P500 | Up | 0.13% | percent | 1,880 | 2.50 | ||
| Nasdaq Composite | Down | -0.27% | percent | 4,340 | (11.86) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.73 | Annual Yield | ||
| The Labor Department reports The U.S. economy generated 175,000 non-farm jobs in February despite tough winter weather. It was the biggest increase in three months. Economists exepected 140,000 new jobs. The unemployment rate edged up to 6.7% from 6.6% because more people entered the labor force in search of jobs. The participation rate was unchanged at 63.0%. | |||||||
| The trade deficit with other nations rose slightly in January, mainly because the U.S. exported less petroleum and imported more crude oil. The trade gap edged up to a seasonally adjusted $39.1 billion from an upwardly revised $39 billion in December. Imports rose 0.6% to almost $232 billion while exports also climbed 0.6%, to $192 billion. | |||||||
| As a result of that jobs report, fed funds futures traders now see a 52% chance of the first rate hike coming at the Fed’s June 2015 meeting, one meeting earlier than before the jobs report, according to Chicago Mercantile Exchange data. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-175000-jobs-in-february-2014-03-07-81034644 | |||||||
| http://www.marketwatch.com/story/us-trade-gap-rises-slightly-to-391-billion-2014-03-07 | |||||||
| http://www.marketwatch.com/story/fed-rate-hike-seen-one-meeting-earlier-after-jobs-2014-03-07?link=MW_home_latest_news | |||||||
| For today’s Morning Market Report click to listen-> | |||||||