| The KUIK Market Update for Wednesday, March 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (121) | points | 18,082 | 8:18 AM | ||
| S&P500 | Down | -0.6% | percent | 2,096 | (11.87) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,966 | (14.09) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 2.72 | Annual Yield | ||
| ADP reports private sector employers added 212,000 jobs in February, below January’s revised gain of 250,000 and below expectations. | |||||||
| The Institute for Supply Management said its nonmanufacturing index edged up to 56.9% from 56.7% in January. Readings over 50% signal that more businesses are expanding instead of contracting. Fourteen of the eighteen service sectors tracked reported growth last month, up from eight in January. The new orders index fell slightly, while the employment index hit a seven month high. | |||||||
| The U.S. Energy Information Administration reported a big jump in crude supplies more than analysts expected. Crude inventories rose by 10.3 million barrels for the week ended February 27. Analysts polled by Platts forecast an increase of only 3.7 million barrels. Gasoline supplies were unchanged. April crude is off 1.3% to $49.93 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-212000-jobs-in-february-adp-2015-03-04-8912123 | |||||||
| http://www.marketwatch.com/story/us-service-sector-saw-brisk-growth-in-february-2015-03-04?link=MW_latest_news | |||||||
| http://www.marketwatch.com/story/oil-prices-fall-as-eia-reports-103-mln-barrel-jump-in-supplies-2015-03-04 | |||||||
| For today’s Market Update Report click to listen-> | |||||||