| The KUIK Market Update for Wednesday, November 5: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 65 | points | 17,448 | 8:11 AM | ||
| S&P500 | Up | 0.4% | percent | 2,020 | 7.79 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,631 | 7.35 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.06 | Annual Yield | ||
| ADP reports private-sector hiring picked up in October, as employers added 230,000 jobs. Economists expected 220,000. September’ was revised up to 225,000 from 213,000. The Labor Department’s employment report, will be released Friday and includes both private sector and government jobs. | |||||||
| The Institute for Supply Management’s nonmanufacturing index fell to 57.1% in October, down from 58.6% in September. Readings over 50% mean that more services businesses such as retail and real estate are expanding instead of contracting. New orders and production fell, but employment rose 1.1 points to 59.6%, the highest level since 2005. | |||||||
| Crude-oil futures are up today after the Energy Information Administration reported U.S. crude supplies rose by a smaller-than-expected 500,000 barrels on the week ended October 31. Analysts polled by Platts had expected an increase of 1.2 million barrels for the week. December crude is up 1.7%, to $78.50 a barrel on the New York Merc. It ended at a three-year low yesterday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-230000-jobs-in-october-adp-2014-11-05-8911757 | |||||||
| http://www.marketwatch.com/story/ism-services-index-dips-to-571-in-october-but-employment-at-record-high-2014-11-05 | |||||||
| http://www.marketwatch.com/story/oil-adds-to-gain-after-smaller-than-expected-supply-hike-2014-11-05?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||