| The KUIK Market Update for Wednesday, January 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 111 | points | 17,482 | 8:08 AM | ||
| S&P500 | Up | 0.7% | percent | 2,017 | 14.02 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,628 | 35.07 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.56 | Annual Yield | ||
| Inventory of U.S. crude oil fell by 3.1 million barrels on the week ended January 2, according to the U.S. Energy Information Administration . Analysts polled by Platts expected supplies to increase by 380,000 barrels. Gasoline inventories rose by 8.1 million barrels, and analysts expected an increase of only 2.25 million. February Crude held on to gains after the report, and the contract was up 0.9%, to 48.25 a barrel on the New York Merc. | |||||||
| ADP reports the private-sector added 241,000 jobs in December, up from 227,000 in November. November’s increase was previously estimated at 208,000. | |||||||
| The Federal Reserve releases minutes of the December meeting of the Federal Open Market Committee at 11 am Pacific time today in Washington. Markets will look for the direction on interest rates. | |||||||
| Bill Gross, the former manager of the world’s largest bond fund, said prices for many assets will fall this year as record-low interest rates fail to restore sufficient economic growth. With global expansion still sputtering after years of interest rates near zero, investors will gradually seek alternatives to risky assets, Gross wrote yesterday in an investment outlook for Janus Capital. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-holds-gains-after-surprise-inventory-drop-2015-01-07 | |||||||
| http://www.marketwatch.com/story/adp-shows-job-market-continues-to-power-forward-in-december-2015-01-07 | |||||||
| http://www.bloomberg.com/news/2015-01-06/fed-minutes-guide-limits-of-patience-pace-of-rate-increases.html | |||||||
| http://www.bloomberg.com/news/2015-01-06/gross-says-good-times-are-over-with-markets-set-to-fall.html | |||||||
| For today’s Market Update Report click to listen-> | |||||||