| The KUIK Morning Market Report for Wednesday, September 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 191 | points | 16,248 | 7:06 AM | ||
| S&P500 | Up | 0.9% | percent | 1,931 | 16.87 | ||
| Nasdaq Composite | Up | 1.3% | percent | 4,694 | 58.25 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.95 | Annual Yield | ||
| ADP reports private sector employers added 190,000 jobs in August. July was revised down slightly to 177,000 from a prior estimate of 185,000. The Labor Department’s employment report will be released Friday and includes both government and private jobs. Economists expect it show that nonfarm payroll rose by 213,000 jobs in August, close to the 215,000 for July | |||||||
| The Labor Department reports productivity in the second quarter was revised upward to a 3.3% annual pace up from an original 1.3%, tracking a revision in gross domestic product that showed the economy was much stronger than first reported. That gain was the biggest since the end of 2013. Over the past year productivity has risen just 0.7%. | |||||||
| In China, the Shanghai Composite Index finished down 0.2% at 3,160.17. It had two big rebounds during the day. It was down as much as 4.7% in the morning, before surging into positive territory, and went negative in the afternoon, before surging again in the final half-hour of trading. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-adds-190000-jobs-in-august-adp-2015-09-02-8911922 | |||||||
| http://www.marketwatch.com/story/us-productivity-raised-to-33-in-second-quarter-from-13-2015-09-02 | |||||||
| http://www.marketwatch.com/story/chinese-stocks-rebound-from-earlier-sharp-selloff-2015-09-02?link=MW_popular | |||||||
| For today’s Morning Market Report click to listen-> | |||||||