| The KUIK Market Update for Wednesday, September 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 205 | points | 16,254 | 8:10 AM | ||
| S&P500 | Up | 1.5% | percent | 1,911 | 27.24 | ||
| Nasdaq Composite | Up | 1.8% | percent | 4,597 | 79.95 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.88 | Annual Yield | ||
| ADP reports private companies in the U.S. added 200,000 jobs in September, suggesting little letup in the pace of hiring across the country. The construction industry led the way, putting 35,000 more workers on payroll. Professionals rose by 29,000 while financial firms hired 15,000 workers. Energy and manufacturing lost 15,000 jobs. | |||||||
| The Chicago Purchasing Managers Index fell to 48.7 in September from 54.4 in August according to MNI Indicators. Readings below 50 indicate contraction. MNI said production growth collapsed and new orders fell sharply. | |||||||
| Marketwatch reports Republican leaders want to avoid repeated fiscal crises, have opened discussions with President Obama about a two-year budget deal, aimed at avoiding spending fights in the middle of the 2016 election year. The House and Senate are expected to pass a stopgap spending measure today to keep the government running through Dec. 11. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/adp-200000-private-sector-jobs-created-in-september-2015-09-30 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-slides-into-contraction-territory-in-september-2015-09-30 | |||||||
| http://www.marketwatch.com/story/republicans-white-house-in-fresh-budget-talks-2015-09-30?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||