| The KUIK Market Update for Wednesday, February 11: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (70) | points | 17,798 | 7:29 AM | ||
| S&P500 | Down | -0.2% | percent | 2,065 | (3.57) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,794 | 6.05 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.58 | Annual Yield | ||
| The Labor Department reports job openings in the U.S. rose 3.7% to 5.03 million in December, highest level since 2001, and the number of people hired climbed 1.9% to 5.05 milllion, strongest level since 2007. Separations rose to 4.89 million, the highest since 2008. About one-third of the workers quit, a good sign since it means they probably found other jobs. But two-thirds were let go for other reasons. For all of 2014, there was a net employment gain of 2.9 million. | |||||||
| Moody’s Investors Service, said today the pain of lower oil prices won’t result in any gain in global growth over the next two years, due to headwinds from the euro, China, Japan, and Russia. The big beneficiaries will be the U.S. and India. In its quarterly report, Moody’s said lower oil prices will give a lift to U.S. consumer and corporate spending over the next two years and lifted its forcast for growth in the gross domestic product in the U.S. for 2015 to 3.2%, up from 3% . For 2016, it should stay strong at 2.8%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-job-openings-hit-highest-level-since-2001-2015-02-10 | |||||||
| http://www.marketwatch.com/story/moodys-says-lower-oil-prices-wont-boost-global-growth-in-the-next-two-years-2015-02-11 | |||||||
| For today’s Market Update Report click to listen-> | |||||||