| The KUIK Market Update for Friday, April 3: | |||||||
| Stock markets are closed in honor of Good Friday but here are some of the stories we’re following. | |||||||
| The Labor Department reports the economy generated just 126,000 new jobs in March, for the smallest gain since the end of 2013. The unemployment rate was unchanged at 5.5%. Employment gains for February and January were reduced by a combined 69,000. S&P 500 Stock futures fell almost 1% the report. Economists expected job creation to slow a bit in March, but few expected such a steep drop. The question is whether it’s a passing phase triggered by harsh winter weather, the now-ended port strike, and other temporary factors or whether it’s a broader economic slowdown. Average hourly wages rose 0.3% in March and is up 2.1% over the past 12 months. The labor-force participation rate fell a tick to 62.7%, matching the lowest level in 37 years. | |||||||
| Treasury yields and the dollar both fell on that report. The 30 year treasury fell almost 5 basis points to and annual yield of 2.475%. That weak report also pushes off the chance of that the Federal Reserve will raise interest rates in June. | |||||||
| Electric car maker Tesla Motors said today it delivered 10,030 vehicles worldwide in the first quarter, a quarterly record and a 55% increase over the first three months of 2014. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobs-growth-in-march-slumps-to-15-month-low-2015-04-03 | |||||||
| http://www.marketwatch.com/story/weak-jobs-report-sparks-flight-to-safety-in-treasurys-2015-04-03?mod=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/tesla-delivers-10030-vehicles-in-first-quarter-2015-04-03-91033113 | |||||||
| For today’s Market Update Report click to listen-> | |||||||