| The KUIK Morning Market Report for Friday, January 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (76) | points | 17,832 | 7:03 AM | ||
| S&P500 | Down | -0.3% | percent | 2,055 | (7.00) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,730 | (6.08) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.61 | Annual Yield | ||
| Good news and bad news in the latest employment report from the Labor Department. The U.S. added 252,000 new jobs in December to extend the strongest streak of hiring since the mid-1990s. The unemployment rate fell to 5.6% down from 5.8% and hit the lowest level since June 2008. Wages fell 5 cents, or 0.2%, to $24.57 an hour. That is the first drop since July 2013. The gain over the past 12 months slowed to 1.7%. The labor-force participation rate fell 0.2% in December to 62.7%, matching the postrecession low and a level last seen in 1978. | |||||||
| European stocks fell slightly today, moving lower on a report that the European Central Bank have come up with a plan for the purchase of investment-grade debt by the central bank in their versionn of Quatitative Easing. The Stoxx Europe 600 index lost 0.2% to 341.83. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-adds-252000-jobs-in-december-as-wages-slip-2015-01-09 | |||||||
| http://www.marketwatch.com/story/european-stocks-pull-back-after-rally-2015-01-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||