| The KUIK Morning Market Report for Friday, November 7: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (35) | points | 17,520 | 7:07 AM | ||
| S&P500 | Down | -0.1% | percent | 2,029 | (2.30) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,618 | (20.79) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.08 | Annual Yield | ||
| The Labor Department reports the U.S. created 214,000 new jobs in October. That pushed down the unemployment rate down to a six-year low of 5.8%. But that was was below Wall Street expectations. Economists polled by MarketWatch expected 243,000 new jobs. The good news is that it is the ninth straight month that the economy has added 200,000 jobs or more, which last happened in 1994. The U.S. has created almost 2.3 million jobs this year and is on track for the biggest gain in almost a decade, and job openings hit a 13-year high. The dollar surged against the yen, euro, and pound on that report. | |||||||
| Oil futures also are up. December crude is up 0.7% to $78.47 a barrel on the New York Merc. Some of that rise is due to global tensions. Ukraine’s military says a convoy of 32 tanks, 16 cannons and 30 trucks bearing troops and equipment entered the country from Russia, according to news services. At this hour there was no independent confirmation. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-214000-jobs-in-october-unemployment-drops-to-58-2014-11-07 | |||||||
| http://www.marketwatch.com/story/oil-slips-on-opecs-lower-demand-forecast-strong-dollar-2014-11-07-11035450?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||