The KUIK Morning Market Report for Wednesday, March 8:
Markets are mixed.
Index
Direction
Change
Units
Time
Dow
Down
(7)
points
20,918
7:01 AM
S&P500
Up
0.1%
percent
2,371
Nasdaq Composite
Up
0.4%
percent
5,855
30 Year Treasury
Up
5
Basis Points
3.16
Annual Yield
ADP reports the U.S. added 298,000 private-sector jobs in February. That’s the most since April 2014. The report was strong in the deals. Job growth in well-paying fields, such as construction and professional & business sectors each added 66,000 jobs. While the relatively lower-paid education, health and leisure, hospitality each added another 40,000 jobs, manufacturers added 32,000 jobs.
In a blow to Intel, The Wall Street Journal reports Microsoft will unveil a version of Windows Server that runs on chips made by ARM Holdings, throwing its weight behind efforts to crack Intel’s dominance in data-center chips. Microsoft said in a blog post planned for today it worked with Qualcomm, the leading supplier of chips for smartphones, and Cavium, a lesser-known Silicon Valley chip maker, to adapt Windows Server to run on their ARM server chips as well as several ARM suppliers to optimize their chips for its data-center needs. The ARM version of Windows Server is scheduled to be demonstrated at a conference devoted to open standards in computing hardware. It was developed for internal use in Microsoft’s Azure cloud-computing service.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
