| The KUIK Morning Market Report for Wednesday, January 30: | |||||||
| Markets are flat this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (1) | points | 13,954 | 6:53 AM | ||
| S&P500 | Up | 0.1% | percent | 1,509 | 1.25 | points | |
| Nasdaq Composite | Up | 0.3% | percent | 3,163 | 8.84 | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 3.19 | Annual Yield | ||
| The Commerce Department reports gross domestic product contracted by a 0.1% annual rate, down from 3.1% in the third quarter. Marketwatch forecast a 1.0% increase. The drop came from lower inventories and military spending. The economy expanded at 2.2% over all of 2012. | |||||||
| ADP reports that The U.S. added 192,000 private-sector positions in January, led by a 177,000 jump in service jobs. | |||||||
| European stocks fell, as the GDP data gave a downside surprise, while investors remain cautious ahead of this morning’s announcement from the Federal Reserve. The Stoxx Europe 600 index dropped 0.4% to 289.06, after rising on Tuesday to its highest close since February 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-shrinks-in-fourth-quarter-2013-01-30 | |||||||
| http://www.marketwatch.com/story/adp-shows-improving-labor-market-in-january-2013-01-30?link=MW_story_insert | |||||||
| http://www.marketwatch.com/story/europe-stocks-steady-ahead-of-us-fed-call-2013-01-30?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||