Morning Market Report 2/6/2015

The KUIK Morning Market Report for Friday, February 6:
Markets are up.
Index Direction Change Units Time Change
Dow Up                     21 points           17,906 7:04 AM
S&P500 Up 0.2% percent            2,066             3.44
Nasdaq Composite Up 0.0% percent            4,766             1.33
30 Year Treasury Up                       6 Basis Points              2.49 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.
The Stoxx Europe 600 index fell 0.2% to 371.53, in broad-based losses that included drops for shares of consumer goods, miners, and industrial firms. Greece’s Athex Composite was down 0.7% to 813.94, following a week of meetings by Greek officials as they prepared for debt-renegotiation talks with international creditors. The index fell more than 3% on Thursday after the European Central Bank restricted liquidity to Greek banks.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
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