Market Update Report 7/2/2014

The KUIK Market Update for Wednesday, July 2:
Markets are up.
Index Direction Change Units Time Change
Dow Up                       9 points           16,965 7:59 AM
S&P500 Up 0.1% percent             1,975             1.74
Nasdaq Composite Up 0.1% percent             4,464             5.10
30 Year Treasury Up                       5 Basis Points               3.45 Annual Yield
ADP reports the private-sector added 281,000 new jobs in June. That’s the most since November 2012. The beats the 179,000 added in May and economists who expected 210,000 new jobs. Markets will be looking to tomorrow’s Labor Department nonfarm employment report economists expect a gain of 215,000 compared to May’s gain of 217,000.
Orders for goods produced in U.S. factories fell 0.5% in May, largely because of fewer Pentagon orders for military goods, according to the Commerce Department. Economists expected a 0.4% drop. Orders climbed 0.2% excluding military items. In April, factory orders were revised up to show a 0.8% increase instead of 0.7%.
The dollar was higher after that strong ADP report, gaining againsts the euro and the Japanese yen. August gold fell 0.2%, to $1,323.40 an ounce. August silver fell 0.5%, to just under $21 an ounce.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/281000-private-sector-jobs-added-in-june-adp-says-2014-07-02
http://www.marketwatch.com/story/us-factory-orders-drop-05-in-may-2014-07-02?link=MW_story_latest_news
http://www.marketwatch.com/story/gold-turns-lower-after-adp-jobs-data-2014-07-02?dist=markets
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