| The KUIK Market Update for Friday, May 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 260 | points | 18,184 | 8:04 AM | ||
| S&P500 | Up | 1.2% | percent | 2,114 | 25.86 | ||
| Nasdaq Composite | Up | 1.2% | percent | 5,003 | 57.59 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.88 | Annual Yield | ||
| The Labor Department reports the U.S. economy created 223,000 new jobs in April, rebounding sharply after only a revised 85,000 jobs were created in March. The increase in jobs and people reentering the labor force pulled the unemployment rate down to 5.4% from 5.5%, marking the lowest level since May 2008. Economists expected a gain of 228,000 nonfarm jobs. The labor-force participation rate edged up to 62.8% from 62.7%. | |||||||
| In the UK, Prime Minister David Cameron’s Conservative Party drew more support than expected in their general election, and the party is on course to be able to govern alone, without a coalition. With most of the 650 seats declared early Friday, the British Broadcasting Corp projected the Conservatives could win 325 seats, giving Cameron a slim but effective majority in parliament. Both the British pound and stocks rallied. The FTSE 100 was up 2.1% to 7033. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-223000-jobs-in-april-unemployment-54-2015-05-08 | |||||||
| http://www.marketwatch.com/story/conservatives-on-course-for-election-victory-in-the-uk-2015-05-08 | |||||||
| For today’s Market Update Report click to listen-> | |||||||