| The KUIK Morning Market Report for Monday, April 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 11 | points | 17,770 | 6:56 AM | ||
| S&P500 | Up | 0.1% | percent | 2,069 | 1.55 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,892 | 5.00 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.51 | Annual Yield | ||
| New York Federal Reserve President William Dudley today said a stronger dollar has given a “significant shock” to the U.S. economy and that lower oil prices will exert a “meaningful drag” on growth because of lower investment in the domestic energy industry. He expects growth to pick up after a weak first quarter that largely reflects “temporary factors,” with the economy expanding at a similar pace to 2014 and 2013. By the end of the year the unemployment rate could drop to 5% from 5.5%. | |||||||
| Crude-oil futures are up this morning as investors look at the impact of last Friday’s disappointing U.S. jobs data and Iranian nuclear deal. May crude is up 2.2% to $50.13 a barrel on the New York Merc. Oil markets were closed on Friday, but oil prices had fallen sharply in electronic trade after reports of a framework Iranian nuclear deal raised concerns of more Iranian crude supply. oil prices have since recovered with analysts estimating that Iranian crude exports could take several months to ramp up. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-dudley-says-strong-dollar-cheap-oil-are-drags-on-us-economy-2015-04-06 | |||||||
| http://www.marketwatch.com/story/oil-rebounds-as-iran-exports-seen-taking-months-to-ramp-up-2015-04-06?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||