The KUIK Morning Market Report for Wednesday, April 5:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
149
points
20,839
6:51 AM
S&P500
Up
0.5%
percent
2,373
Nasdaq Composite
Up
0.4%
percent
5,924
30 Year Treasury
Up
2
Basis Points
3.01
Annual Yield
ADP reports private employers added 263,000 jobs in March, up from February’s revised 245,000. The Labor Department releases is nonfarm payrolls report on Friday. The Federal Reserve will issue the minutes from its March meeting at 11:00 am Pacific Time.
A federal appeals court ruled yesterday that a landmark civil rights law allows gay employees to sue employers for discrimination on the basis of sexual orientation. The 8-3 ruling by the Seventh U.S. Circuit Court of Appeals in Chicago marks an expansion of employee protections under the 1964 Civil Rights Act. Title VII of the law makes it unlawful for employers to discriminate against employees on the basis of their “race, color, religion, sex, or national origin.” But the U.S. Supreme Court hasn’t ruled on whether discrimination on the basis of sexual orientation is covered by the law’s prohibition against sex discrimination. Other lower courts, including another federal appeals court in March, have held that sexual orientation is not a “protected class” under the law.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
