The KUIK Morning Market Report for Friday, September 1:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
39
points
21,987
6:38 AM
S&P500
Up
0.2%
percent
2,476
4.68
Nasdaq Composite
Up
0.2%
percent
6,440
11.44
30 Year Treasury
Unchanged
–
Basis Points
2.75
Annual Yield
The Labor Department reports the economy created 156,000 new jobs in August, that was short of the 170,000 jobs expected by economists. The unemployment rate rose 0.1% to 4.4% from 4.3%. Last month it fell to a 16-year low. The average hourly wage rose 3 cents to $26.39 an hour. Wages have risen 2.5% in the past 12 months, unchanged from July.
Top executives at leading tech companies banded together to voice support for an Obama-era program protecting young, undocumented immigrants amid concerns that President Donald Trump could end the policy. In a letter published Thursday night, the executives urged Trump to preserve Deferred Action for Childhood Arrivals, or DACA, a five-year-old program that offers a reprieve from deportation to nearly 800,000 people brought to the U.S. as children — known as “Dreamers.” The letter includes signatures from officials at companies including Microsoft , Uber, Apple, and Amazon. The effort was coordinated by FWD.us, a pro-immigration lobbying group co-founded by Facebook CEO Mark Zuckerberg.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
