Market Update Report 4/6/2015 | Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, April 6:

Markets are up.

Index	Direction	Change	Units		Time	Change
Dow	Up	80	points	17,844	7:49 AM
S&P500	Up	0.5%	percent	2,077		10.22
Nasdaq Composite	Up	0.4%	percent	4,906		18.86
30 Year Treasury	Up	1	Basis Points	2.53	Annual Yield

New York Federal Reserve President William Dudley today said a stronger dollar has given a “significant shock” to the U.S. economy and that lower oil prices will exert a “meaningful drag” on growth because of lower investment in the domestic energy industry. He expects growth to pick up after a weak first quarter that largely reflects “temporary factors,” with the economy expanding at a similar pace to 2014 and 2013. By the end of the year the unemployment rate could drop to 5% from 5.5%.

Companies in the service sector such as health care and retail grew at a slightly slower but still solid pace in March, according to the Institute for Supply Management. Its nonmanufacturing index fell to 56.5% from 56.9% in February. Readings over 50% mean more businesses are expanding instead of contracting. The new orders index rose 1.1 points to 57.8% while employment edged up 0.2 points to 56.6%, highest level since last July.





Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/feds-dudley-says-strong-dollar-cheap-oil-are-drags-on-us-economy-2015-04-06
http://www.marketwatch.com/story/ism-services-index-dips-in-march-but-shows-steady-us-growth-2015-04-06



For today’s Market Update Report click to listen->