| The KUIK Market Update for Wednesday, May 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (30) | points | 17,898 | 8:01 AM | ||
| S&P500 | Down | -0.1% | percent | 2,088 | (1.08) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,933 | (6.36) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.96 | Annual Yield | ||
| ADP reports the U.S. created 169,000 private-sector jobs in April, after a downwardly revised 175,000 jobs were created in March. Companies with 500 or more employees had the slowest growth. And it’s the first time in two years, the U.S. has created fewer than 200,000 private-sector jobs for two months in a row. | |||||||
| The Labor Department reports U.S. productivity fell by a 1.9% annual pace in the first quarter, resulting in the first back-to-back quarterly drop since 2006. Over the past four quarters productivity has risen at a 0.6% rate, just one-fourth the nation’s average since the end of World War Two. | |||||||
| Federal Reserve Chairman Janet Yellen today warned of the risks in the stock and bond markets in the environment of low interest rates. In a conversation with Christine Lagarde, the managing director of the International Monetary Fund, Yellen said that equity-market valuations are “generally quite high” and that “there are potential dangers there.” The Fed knows that there could be a jump in long-term rates when the Fed raises interest rates. Overall, Yellen said that she thought risks to financial stability are moderated. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/adp-reports-fifth-straight-slowing-in-jobs-creation-2015-05-06 | |||||||
| http://www.marketwatch.com/story/worker-productivity-sees-first-back-to-back-drop-since-2006-2015-05-06 | |||||||
| http://www.marketwatch.com/story/yellen-sees-dangers-in-quite-high-stock-valuations-2015-05-06 | |||||||
| For today’s Market Update Report click to listen-> | |||||||