| The KUIK Morning Market Report for Friday, October 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (247) | points | 16,025 | 6:52 AM | ||
| S&P500 | Down | -1.5% | percent | 1,896 | (28.05) | ||
| Nasdaq Composite | Down | -1.5% | percent | 4,559 | (67.77) | ||
| 30 Year Treasury | Down | (8) | Basis Points | 2.77 | Annual Yield | ||
| The Labor Department reports the economy added a seasonally adjusted 142,000 jobs in September. Economists expected a gain of 200,000 nonfarm jobs. The unemployment rate was unchanged at 5.1%. The labor-force participation rate slid to 62.4% from 62.6%, as 350,000 people dropped out of the labor force. That’s the lowest rate since October 1977. Energy companies, hurt by cheap oil, cut 12,000 jobs in September and they’ve eliminated 120,000 jobs since December. Health-care providers were the biggest standout, adding 34,000 jobs. | |||||||
| The Stoxx Europe 600 index fell 0.5% to 344.46. It had been up before that jobs report. The dollar fell against all other major currencies because the chance of an interest rate hike this year by the Federal Reserve is now much lower. Asian markets were mixed and closed beforethe report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-creates-just-142000-new-jobs-in-september-2015-10-02 | |||||||
| http://www.marketwatch.com/story/european-stocks-rally-more-than-1-ahead-of-us-jobs-data-2015-10-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||