Morning Market Report 4/30/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, April 30:
Markets are down.
Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(6.20)	points	16,529	7:02 AM
S&P500	Down	-0.2%	percent	1,874	(4.22)
Nasdaq Composite	Down	-0.7%	percent	4,077	(26.56)
30 Year Treasury	Up	0	Basis Points	3.50	Annual Yield
ADP reports employers added 220,000 private-sector jobs this month, up from 209,000 in March. Trends are improving. Over the quarter through April, private-sector employers added an average of 207,000 jobs per month, up from an average of 167,000 a year ago.
Gross domestic product rose at an annual rate of just 0.1% from January through the end of March, the weakest performance in three years, according to a preliminary estimate by the Commerce Department. Economists expected growth to slow to a seasonally adjusted 1% from a 2.6% clip in the fourth quarter of 2013.
The Financial Times reports that according to the International Comparison Program hosted by the World Bank, the US is about to lose its status as the world’s largest economy, and will probably drop behind China this year, sooner than anticipated. The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would not pull ahead until 2019. After extensive research on the prices of goods and services, the ICP concluded that money goes further in poorer countries than it previously thought, prompting it to increase the relative size of emerging market economies.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/private-sector-jobs-growth-strongest-in-five-months-2014-04-30
http://www.marketwatch.com/story/us-gdp-posts-smallest-gain-in-three-years-2014-04-30
http://www.ft.com/cms/s/0/d79ffff8-cfb7-11e3-9b2b-00144feabdc0.html#axzz30NUJNChf
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