| The KUIK Morning Market Report for Friday, September 4: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (239) | points | 16,130 | 7:06 AM | ||
| S&P500 | Down | -1.4% | percent | 1,923 | (27.70) | ||
| Nasdaq Composite | Down | -1.1% | percent | 4,683 | (50.94) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.91 | Annual Yield | ||
| The Labor Department reports the U.S. added 173,000 jobs in August, for the smallest increase since March and the second smallest gain of the year. Economists expected a seasonally adjusted 213,000 increase in nonfarm jobs. June and July were revised upward. The unemployment rate fell to 5.1% from 5.3%, marking the lowest level since April 2008. The market considers it a strong report except for the main jobs higher that might be revised higher. It brings the Fed closer to a September interest rate hike. | |||||||
| the Stoxx Europe 600 Index fell 2.4% to 353.45 on that jobs report. In Frankfurt, Germany’s DAX 30 fell 2.8% to 10,027.53. | |||||||
| December gold is off 0.6%, to $1,118 an ounce, after posting a second straight decline in yesterday’s session. Its on track for a 1.5% decline for the week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/strong-report-except-for-headline-number-economists-say-2015-09-04 | |||||||
| http://www.marketwatch.com/story/european-stocks-set-for-weekly-loss-with-key-us-jobs-report-ahead-2015-09-04?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-finds-lower-level-after-friday-jobs-report-2015-09-04?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||