| The KUIK Market Update for Friday, August 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (45) | points | 16,518 | 8:04 AM | ||
| S&P500 | Down | -0.1% | percent | 1,928 | (2.64) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,355 | (14.45) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.31 | Annual Yield | ||
| The Labor Department reports the economy added 209,000 non farm jobs last month. That’s down from 298,000 in June, but still the sixth straight month at more than 200,000. The unemployment rate rose slightly to 6.2% from 6.1%. The U6 unemployment rate that includes people who can only find part-time work and those who recently gave up looking rose to 12.2% from 12.1%. The labor force participation rate, meanwhile, climbed a tick to 62.9%, the first increase in four months. | |||||||
| U.S. manufacturing expanded at its fastest pace since April 2011. The Institute for Supply Management said its manufacturing index rose to 57.1% in July, up from 55.3% in June, Economists expected 56.0% and readings over 50% means more companies are expanding instead of shrinking. Indexes for new orders, production, and employment all increased, with the employment gauge hitting its highest level since June 2011. Seventeen of the 18 industries tracked reported growth. The only one to record a decline was makers of wood products. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-adds-209000-jobs-in-july-to-keep-hot-streak-intact-2014-08-01 | |||||||
| http://www.marketwatch.com/story/ism-manufacturing-index-surges-to-571-in-july-2014-08-01?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||