| The KUIK Morning Market Report for Wednesday, May 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (78) | points | 17,850 | 7:03 AM | ||
| S&P500 | Down | -0.3% | percent | 2,083 | (6.93) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,918 | (20.95) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.93 | 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 MarketWatch-compiled economist consensus is for the U.S. to report 233,000 nonfarm jobs created in April when the employment report comes out on Friday. | |||||||
| Reuters reports Greece made a 220 million euro loan payment to the International Monetary Fund. Greece now faces a €750 million ($832 million) debt repayment to the IMF due May 12, but there are fears it will run out of cash unless it reaches a deal with creditors to unlock the next round of bailout money. Late Tuesday, Athens officials blamed differences between its lenders, the IMF and the European Union, for the holdup in the debt talks. | |||||||
| 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/greece-makes-200-million-payment-to-imf-2015-05-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||