Morning Market Report 10/3/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Friday, October 3:
Markets are up strongly.
Index	Direction	Change	Units	Time	Change
Dow	Up	144	points	16,945	6:56 AM
S&P500	Up	0.8%	percent	1,962	15.95
Nasdaq Composite	Up	0.8%	percent	4,467	37.22
30 Year Treasury	Up	0	Basis Points	3.16	Annual Yield
The Labor Department reports the US added 248,000 non farm jobs in September, above economists estimate of 220,000. Gains in hiring along with people dropping out of the labor force, pushed the unemployment rate down to 5.9% from 6.1% for a six-year low. The last time the jobless rate was below 6% was in 2008.
The Commerce Department reports the U.S. trade deficit fell 0.5% to $40.1 billion in August, for the lowest level since January as the nation exported a record amount of petroleum and imported less. Economists expected a deficit of $40.9 billion. The U.S. exported a record $14.1 billion in petroleum products and imported $27.2 billion. The petroleum deficit dropped to the lowest level in 10 years. The trade deficit with Germany rose to an all-time high and the gap with China fell slightly.
Marketwatch reports analysts at Citigroup said in a note yesterday there’s a higher probability that oil prices will fall than rise in the near future. Risk of lower demand from China, reduced global growth expectations, and a dollar that is appreciating more rapidly than expected are creating headwinds for major commodity prices.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/unemployment-falls-below-6-for-first-time-since-2008-as-us-adds-248000-jobs-2014-10-03
http://www.marketwatch.com/story/us-trade-deficit-dips-05-to-401-billion-in-august-2014-10-03
http://www.marketwatch.com/story/oil-futures-attempt-to-rebound-from-string-of-sharp-losses-2014-10-03?dist=markets
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