|
The KUIK Morning Market Report for Wednesday, March 7: |
|||||||
|
|
|||||||
|
Markets are up. |
|||||||
|
|
|||||||
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
|
Dow Jones Industrial Average |
Down |
(176) |
points |
24,708 |
7:10 AM |
||
|
S&P500 |
Down |
-0.5% |
percent |
2,714 |
|||
|
Nasdaq Composite |
Down |
-0.3% |
percent |
7,348 |
3.00 |
||
|
30 Year Treasury |
Up |
1 |
Basis Points |
3.14 |
Annual Yield |
||
|
|
|||||||
|
ADP reports private-sector employment stayed strong in February, as employers added 235,000 jobs. Economists expected 205,000, compared with the initial January gain of 234,000 which was revised upward by 10,000. February is the fourth month in a row where job gains were 200,000 or higher. Small firms added 68,000y, medium 97,000, and large companies added 70,000. Job gains were led by leisure and hospitality and retail as consumer spending increased. |
|||||||
|
The Commerce Department reports our trade deficit rose in January hitting nearly 10-year high. It rose The rose to $56.6 billion from $53.9 billion in December. Economists expected $55.2 . The deficit is16% higher compared with the January 2017. Exports fell 1.3%, largely reflecting a big drop in volatile commmercial aircraft orders. Exports of oil, chemicals, and other industrial supplies also fell. Imports were unchanged at $257.5 billion. |
|||||||
|
|
|||||||
|
Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
|||||||
|
www.marketwatch.com/story/us-trade-deficit-in-january-hits-nearly-10-year-high-2018-03-07#false |
|||||||
|
For today’s Morning Market Report click to listen-> |
|
||||||