The KUIK Closing Market Report for Monday, October 24:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
77
points
18,223
1:15 PM
S&P500
Up
0.5%
percent
2,151
10.17
Nasdaq Composite
Up
1.0%
percent
5,310
52.43
30 Year Treasury
Up
3
Basis Points
2.52
Annual Yield
The U.S.economy needs to generate about 75,000 jobs — and possibly as few as 50,000 — each month to maintain a healthy labor market, according to a study released today by the Federal Reserve Bank of San Francisco. That’s down from the 192,000 average monthly gains seen the past three months. Because the economy is close to what the Fed calls “full employment,” the future is less about creating an even stronger labor market than about maintaining a healthy one, said San Francisco Fed President John Williams in a speech last week.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
