The KUIK Morning Market Report for Friday, May 8: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Up |
258 |
points |
18,184 |
7:14 AM |
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S&P500 |
Up |
1.2% |
percent |
2,113 |
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25.21 |
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Nasdaq Composite |
Up |
1.2% |
percent |
5,005 |
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59.25 |
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30 Year Treasury |
Down |
(4) |
Basis Points |
2.87 |
Annual Yield |
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The Labor Department reports the U.S. economy created 223,000 new jobs in April, rebounding sharply after only a revised 85,000 jobs were created in March. The increase in jobs and people reentering the labor force pulled the unemployment rate down to 5.4% from 5.5%, marking the lowest level since May 2008. Economists expected a gain of 228,000 nonfarm jobs. The labor-force participation rate edged up to 62.8% from 62.7%. |
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In the UK, Prime Minister David Cameron’s Conservative Party drew more support than expected in their general election, and the party is on course to be able to govern alone, without a coalition. With most of the 650 seats declared early Friday, the British Broadcasting Corp projected the Conservatives could win 325 seats, giving Cameron a slim but effective majority in parliament. Both the British pound and stocks rallied. The FTSE 100 was up 2.1% to 7033. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/us-gains-223000-jobs-in-april-unemployment-54-2015-05-08 |
http://www.marketwatch.com/story/conservatives-on-course-for-election-victory-in-the-uk-2015-05-08 |
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For today’s Morning Market Report click to listen-> |
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