| The KUIK Morning Market Report for Wednesday, June 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 65 | points | 18,078 | 7:00 AM | ||
| S&P500 | Up | 0.2% | percent | 2,114 | 4.80 | ||
| Nasdaq Composite | Up | 0.4% | percent | 5,095 | 18.17 | ||
| 30 Year Treasury | Up | 6 | Basis Points | 3.08 | Annual Yield | ||
| ADP reports private-sector hiring picked up in May, as employers added 201,000 jobs. Economists expected 215,000, up from an originally reported 169,000 in April. The Labor Department’s employment report will be released Friday and includes government and private sector jobs. Economists expect the government’s report to show that nonfarm employment rose by 210,000 in May, compared with April’s gain of 223,000. | |||||||
| The ongoing Greek debt crisis has been taking a toll on Europe’s economic growth according to Markit. The composite purchasing managers’ index for the region fell to 53.6 in May, down from 53.9 in April, with growth in both output and new businesses slowing to three-month lows. The uncertainty over Greece’s future is acting as a brake on growth, though continued high unemployment is also playing a part, said Chris Williamson, chief economist at Markit, in a release. He says “Any escalation of the Greek crisis could rapidly derail the recovery.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-201000-jobs-in-may-adp-2015-06-03-8911836 | |||||||
| http://www.marketwatch.com/story/greek-uncertainty-is-capping-growth-in-eurozone-markit-2015-06-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||