| The KUIK Market Update for Friday, September 5: | |||||||
| Markets are down | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (37) | points | 17,033 | 7:59 AM | ||
| S&P500 | Down | -0.2% | percent | 1,993 | (4.32) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,548 | (13.95) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.20 | Annual Yield | ||
| Hiring slowed in the US in August as the economy created just 142,000 jobs, for the smallest gain since December. The slowdown ended a six-month streak in which the U.S. added at least 200,000 jobs a month, the best stretch of job creation since 2006. The number created also fell short of Wall Street’s forecast of 228,000. The dropoff stemmed in large part from a decline in jobs in the retail and auto sectors. with retail down by 8,000 and the auto industry off 5,000. The unemployment rate fell slightly to 6.1% and the labor force participation rate fell to 62.8% from 62.9% to match a 26-year low. | |||||||
| A hacker broke into part of the HealthCare.gov insurance enrollment website in July and uploaded malicious software, according to officials from the Department of Health and Human Services. Investigators found no evidence that consumers’ personal data was taken in the breach. The hacker appears only to have accessed a server used to test code for the website. The breach was discovered last week and marks the first successful intrusion into the website, where millions of Americans bought insurance under the Affordable Care Act. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/hiring-slows-as-us-adds-142000-jobs-in-august-2014-09-05 | |||||||
| http://www.marketwatch.com/story/hacker-breached-healthcaregov-insurance-site-2014-09-04-161031834?link=MW_Nav_NV | |||||||
| For today’s Market Update Report click to listen-> | |||||||