| The KUIK Market Update for Wednesday, April 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (69) | points | 17,706 | 8:21 AM | ||
| S&P500 | Down | -0.3% | percent | 2,062 | (6.35) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,878 | (23.27) | ||
| 30 Year Treasury | Down | (7) | Basis Points | 2.47 | Annual Yield | ||
| Private sector employers added 189,000 jobs in March according to Automatic Data Processing. ADP revised February’s gain slightly to 214,000 up from 212,000. This was the smallest monthly gain since January 2014. The Labor Department’s employment report will be released Friday. It covers government jobs and the private sector. Economists expect nonfarm payrolls rose by a 252,000 jobs in March, down from 295,000 in February. | |||||||
| U.S. manufacturers grew at the slowest pace in March in almost two years and employment fell according to the Institute for Supply Management. Its manufacturing index fell to 51.5% down from 52.9% in February. It was the fifth straight drop and below Wall Street’s forecast, but still above 50 indicating more companies are expanding instead of shrinking. Employment and new orders both fell. Only 10 of the 18 industries grew while seven declined. | |||||||
| The Commerce Department reports spending for U.S. construction projects fell by 0.1% in February to a seasonally adjusted annual rate of $967.2 billion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-189000-jobs-in-march-adp-2015-04-01-8912056 | |||||||
| http://www.marketwatch.com/story/ism-manufacturing-index-falls-in-march-to-lowest-rate-since-may-2013-2015-04-01 | |||||||
| http://www.marketwatch.com/story/february-construction-spending-inches-down-01-2015-04-01 | |||||||
| For today’s Market Update Report click to listen-> | |||||||