Market Update Report 2/6/2015

The KUIK Market Update for Friday, February 6:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     42 points           17,927 8:02 AM
S&P500 Up 0.4% percent             2,070       7.54
Nasdaq Composite Up 0.4% percent             4,782      16.49
30 Year Treasury Up                       9 Basis Points               2.52 Annual Yield
The Labor Department reports the U.S. added 257,000 jobs in January. Hiring in the last  two months of 2014 was  stronger than previously reported, the strongest pace of job creation in more than five years. Economists expected a gain of only 230,000 nonfarm jobs. The unemployment rate, edged up to 5.7% from 5.6% as more people entered the labor force in search of work. Average hourly wages jumped 0.5% in January to $24.75 after falling in December. That put the 12-month increase at 2.2%, close to a post-recession high. The amount of time people worked each week also remained at a postrecession high of 34.6 hours.
Precious metals were down on that employment report.  April gold fell 1.6% to $1,243.10 an ounce after barely moving at all on Thursday. March silver fell or 1.5%, to $16.92 an ounce.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/us-gains-257000-jobs-in-january-unemployment-57-2015-02-06
http://www.marketwatch.com/story/gold-tumbles-after-better-than-expected-jobs-report-2015-02-06?link=MW_latest_news
For today’s Market Update Report click to listen->