| The KUIK Market Update for Wednesday, September 2: | |||||||
| Markets are up but down off their highs. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 118 | points | 16,177 | 8:06 AM | ||
| S&P500 | Up | 0.7% | percent | 1,927 | 13.35 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,674 | 37.73 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.95 | Annual Yield | ||
| ADP reports private sector employers added 190,000 jobs in August. July was revised down slightly to 177,000 from a prior estimate of 185,000. The Labor Department’s employment report will be released Friday and includes both government and private jobs. Economists expect it show that nonfarm payroll rose by 213,000 jobs in August, close to the 215,000 for July | |||||||
| In China, the Shanghai Composite Index finished down 0.2% at 3,160.17. It had two big rebounds during the day. It was down as much as 4.7% in the morning, before surging into positive territory, and went negative in the afternoon, before surging again in the final half-hour of trading. | |||||||
| Gold futuresare trading lower on that upbeat U.S. economic data that gives a boost to the dollar. December gold is off 0.2%, to $1,137.80 an ounce on the Comex, following a gain of 0.6% yesterday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-190000-jobs-in-august-adp-2015-09-02-8911922 | |||||||
| http://www.marketwatch.com/story/chinese-stocks-rebound-from-earlier-sharp-selloff-2015-09-02?link=MW_popular | |||||||
| http://www.marketwatch.com/story/gold-struggles-as-dollar-global-markets-rebound-2015-09-02?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||