| The KUIK Market Update for Wednesday, June 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 148 | points | 18,159 | 7:50 AM | ||
| S&P500 | Up | 0.5% | percent | 2,121 | 11.38 | ||
| Nasdaq Composite | Up | 0.7% | percent | 5,114 | 37.42 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.07 | Annual Yield | ||
| ADP reports private-sector hiring picked up in May, as employers added 201,000 jobs. Economists expected 215,000, up from an originally reported 169,000 in April. The Labor Department’s employment report will be released Friday and includes both government and private sector jobs. Economists expect the government’s report to show that nonfarm employment rose by 210,000 in May, compared with April’s gain of 223,000. | |||||||
| The global economy will strengthen slowly in the next 18 months and growth will only approach its precrisis pace at the end of 2016, according to the Organization for Economic Cooperation and Development. The Paris-based organization issued its outlook after the global economy recorded an unexpectedly weak first quarter with a sharp contraction in the U.S. and slower-than-expected growth in China. The OECD cut its growth forecast for the U.S. to 2% this year from its 3.1% forecast in March and to 2.8% from 3% for 2016. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-201000-jobs-in-may-adp-2015-06-03-8911836 | |||||||
| http://www.marketwatch.com/story/greek-uncertainty-is-capping-growth-in-eurozone-markit-2015-06-03 | |||||||
| For today’s Market Update Report click to listen-> | |||||||