| The KUIK Morning Market Report for Wednesday, July 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 175 | points | 17,794 | 7:07 AM | ||
| S&P500 | Up | 0.9% | percent | 2,082 | 18.59 | ||
| Nasdaq Composite | Up | 1.0% | percent | 5,037 | 49.91 | ||
| 30 Year Treasury | Up | 11 | Basis Points | 3.21 | Annual Yield | ||
| YesterdayGreece became the first advanced economy to default on a payment to the International Monetary Fund, when it failed to hand over the 1.6 billion euros due. That failure and the expiration of Greece’s bailout package, brings the country to the brink of financial collapse and raises the chances it could “Grexit” from the European Union. Markets rallied on a report early today that Greek Prime Minister Alexis Tsipras, in a letter to the country’s creditors, said he was willing to accept the terms presented in a proposal made last weekend with only minor changes. | |||||||
| ADP reports private-sector hiring picked up in June, as employers added 237,000 jobs. Economists expected 220,000, compared with an originally reported increase of 201,000 in May. The Labor Department’s employment report will be released Thursday and covers both government and private sector jobs. Economists expect the government’s report to show that nonfarm employment rose by 225,000 jobs last month, compared with a May gain of 280,000 jobs. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/greek-debt-crisis-latest-news-on-wednesday-2015-07-01 | |||||||
| http://www.marketwatch.com/story/private-sector-adds-237000-jobs-in-june-adp-2015-07-01-891185 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||