Market Update Report 2/6/2018

The KUIK Market Update for Tuesday, February 6:

Markets are mixed after yesterday’s big selloff.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Down

                   (81)

points

          24,265

7:38 AM

S&P500

Down

-0.6%

percent

            2,632

     (1.99)

Nasdaq Composite

Up

0.6%

percent

            7,012

     (2.34)

30 Year Treasury

Down

                     (1)

Basis Points

              3.06

Annual Yield

The Commerce Department reports the U.S. trade deficit in December and for the full year both rose to the highest levels since 2008. The deficit in December rose 5.3% to $53.1 billion. Economists expected $52.2 billion. Imports increased 2.5% to a record $256.5 billion while exports rose 1.8% to $203.4 billion, also a record. For all of 2017, the trade gap was up 12.1% to $566 billion.

The number of job openings in the United States fell slightly in December to a seven month low of 5.81 million, according to the Labor Department. Openings have fallen from a recent record high high in part because companies filled about 1.3 million positions in the second half of 2017. Companies hired 5.49 million people in December while 5.24 million Americans lost their jobs and about 3.3 million quit. The quit rate rose a tick to 2.2%.

Sign up for a  Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK.

www.marketwatch.com/story/us-trade-deficit-in-trumps-first-year-soars-to-9-year-high-of-566-billion-2018-02-06

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