| The KUIK Market Update for Wednesday, April 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 25 | points | 16,558 | 7:49 AM | ||
| S&P500 | Up | 0.19% | percent | 1,889 | 3.55 | ||
| Nasdaq Composite | Up | 0.14% | percent | 4,274 | 5.83 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.65 | Annual Yield | ||
| ADP reports private-sector employers added 191,000 new jobs in March, up from 178,000 in February. That came in slightly below expectation, economists expected 200,000 new jobs last month. The report contradicts yestersday’s Chicago Purchasing Managers Index that showed employment growth slowed last month. | |||||||
| The Supreme Court today voted 5-4 to eliminate overall caps on how much individuals can donate to political candidates, parties and interest groups. The ruling, however, left in place the $2,600 limit on how much a citizen can donate to any one candidate for Congress or the presidency. Under the court ruling, individuals can make campaign contributions to any number of candidates or groups without being subjected to a limit on total spending. Current law capped overall contributions per individual at $123,000, though political candidates themselves are allowed to spend as much as their own wealth as they like. The court’s decision is likely to be welcomed by Republicans and opposed by Democrats. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-employment-picks-up-in-march-2014-04-02 | |||||||
| http://www.marketwatch.com/story/supreme-court-ends-overall-cap-on-political-donations-2014-04-02?link=MW_home_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||