The KUIK Morning Market Report for Friday, November 3:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(11)
points
23,506
7:10 AM
S&P500
Up
0.1%
percent
2,580
F
Nasdaq Composite
Up
0.1%
percent
6,724
30 Year Treasury
Down
(1)
Basis Points
2.82
Annual Yield
The Labor Department reports the economy added 261,000 jobs in October as employment rebounded from hurricanes Harvey and Irma, but economists expected 325,000 new nonfarm jobs. Unemployment fell to 4.1% from 4.2% and is near a 17-year low, but 765,000 people left the labor force. Wages fell a penny to an average of $26.53 an hour. The year-over-year increase in hourly pay slowed to 2.4% from 2.8%, though wage figures for the past two months were distorted by the hurricans. The initially reported loss of 33,000 jobs in September was revised to an 18,000 gain and August was revised upward to 208,000 from 169,000.
Yesterday President Trump’s twitter account was turned off for eleven minutes. Twitter said the customer support worker âdeactivatedâ the @realdonaldtrump account on his last day of work. On the web version of the social media platform, people looking for the president’s colorful tweets saw a messge that said: âSorry, that page doesnât exist.â
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
