| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Friday, May, 4 | |||||||
| Markets were down today. | |||||||
| Direction | Change | Units | |||||
| Dow | Down | (168) | points | 13,038 | 2:20 PM | ||
| S&P500 | Down | -1.61% | percent | 1,369 | |||
| Nasdaq Composite | Down | -2.25% | percent | 2,956 | |||
| 30 Year Treasury | Down | (4.1) | basis points | 3.07 | |||
| The Labor Department released its jobs report this morning and disappointed the markets. The economy created just 115,000 jobs in April as hiring declined for a second month in a row. The unemployment rate fell to 8.1% from 8.2%, but the decline was due to the number of people who stopped looking for work. Some 342,000 people dropped out of the labor force. | |||||||
| June crude dropped 4%, to settle at $98.49 a barrel on the New York Merc. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-gains-115000-jobs-in-april-2012-05-04?dist=afterbell | |||||||
| http://www.marketwatch.com/story/oil-futures-fall-sharply-ahead-of-us-jobs-data-2012-05-04?dist=afterbell | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||