| The KUIK Morning Market Report for Friday, June 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (48) | points | 17,850 | 6:44 AM | ||
| S&P500 | Down | -0.4% | percent | 2,088 | (8.16) | ||
| Nasdaq Composite | Down | -0.5% | percent | 5,032 | (27.51) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.09 | Annual Yield | ||
| The Labor Department reports employers added 280,000 jobs in May. That was the biggest increase since December. High-tech firms, health-care providers, hotels, home builders and retailers all added workers. Only the energy industry, coping with lower oil prices, lost employees. The surge also boosted wages. Average pay rose 8 cents to $24.96 an hour, pushing the increase over the past 12 months up to 2.3%. | |||||||
| OPEC announed the cartel will keep its collective output level unchanged at 30 million barrels a day, the second time in six months it decided to take no action amid a global glut of crude and weak oil prices. U.S. crude prices rose 0.4% to $58.27 a barrel on the news. | |||||||
| In a report, the Environmental Protection Agency concluded there is no evidence that hydralic fracking has had a “widespread, systemic impact on drinking water.” The report is the federal government’s most comprehensive examination of the issue of fracking and drinking water. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/hiring-surges-as-us-gains-280000-jobs-in-may-2015-06-05?dist=beforebell | |||||||
| http://www.marketwatch.com/story/opec-keeps-output-unchanged-2015-06-05-8103176 | |||||||
| http://www.marketwatch.com/story/fracking-has-had-no-widespread-impact-on-drinking-water-epa-finds-2015-06-04-121031923 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||