| The KUIK Market Update for Friday, June 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 11 | points | 17,917 | 7:44 AM | ||
| S&P500 | Up | 0.1% | percent | 2,098 | 2.39 | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,066 | 6.82 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.08 | Annual Yield | ||
| The Labor Department reports employers added 280,000 jobs in May. That was the biggest increase since December. The unemloyment rate increased slightly to 5.5% as the labor force participation rate ticked hight to 62.9% Average pay rose 8 cents to $24.96 an hour, pushing the increase over the past 12 months up to 2.3%. | |||||||
| The Greek debt crisis hit a new high after Athens yesterday decided to delay a scheduled debt payment. Greece was due to repay $342 million to the International Monetary Fund today, but after days of negotiations, the country asked to bundle its four June payments into one, due at the end of the month. The move comes after Greek Prime Minister Alexis Tsipras earlier in the week rejected creditors’ reform proposals, arguing they were too harsh. According to the IMF, the only other country which has ever used this provision to bundle principal payments at month-end was Zambia in the 1980s. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/hiring-surges-as-us-gains-280000-jobs-in-may-2015-06-05?dist=beforebell | |||||||
| http://www.marketwatch.com/story/greece-goes-zambia-desperate-scramble-analysts-react-to-imf-payment-delay-2015-06-05 | |||||||
| For today’s Market Update Report click to listen-> | |||||||