| The KUIK Morning Market Report for Wednesday, May 7: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 49 | points | 16,450 | 6:58 AM | ||
| S&P500 | Up | 0.1% | percent | 1,870 | 2.38 | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,056 | (24.53) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.40 | Annual Yield | ||
| The productivity of American businesses fell at a 1.7% annual rate from January through March, according to the Labor Department. Economists expected a seasonally adjusted 1.1% drop based on the weak U.S. growth in the first quarter. Gross domestic product barely expanded at a 0.1% pace. The drop in productivity stemmed from companies producing fewer goods and services even as the amount of time their employees worked went up. Poor weather contributed to the disparity as many employees had trouble getting to work or performing their jobs as usual. Hours worked climbed 2.0% in the first three months of 2014 while output of goods and services rose only 0.3%. | |||||||
| Asian stocks declined sharply today, with Japan leading losses on a firmer yen and and yesterday’s sell-off on Wall Street. Japan’s Nikkei Average fell 2.9% at the close. Hong Kong’s Hang Seng Index finished 1.1% lower, South Korea’s Kospi index ended down 1%, China’s Shanghai Composite Index fell 0.9%, and Australia’s S&P/ASX 200 lost 0.8%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-firms-less-productive-in-first-quarter-2014-05-07 | |||||||
| http://www.marketwatch.com/story/asia-stocks-fall-sharply-after-us-losses-2014-05-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||