Morning Market Report 3/6/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, March 6:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	48	points	14,302	6:54 AM
S&P500	Up	0.29%	percent	1,544		4.48	points
Nasdaq Composite	Up	0.11%	percent	3,228		3.60	points
30 Year Treasury	Up	4	Basis Points	3.14	Annual Yield

Stocks are up after payroll processor ADP reported that the economy gained 198,000 private jobs in February. January saw an increase of 215,000 private jobs, compared with a prior estimate of 192,000, according to ADP. Economists polled by MarketWatch had expected the report to show a gain of 175,000 jobs in February.

The Federal Reserve should begin scaling back its quantitative easing program with an eye toward stopping it before the end of the year, said Charles Plosser, president of the Philadelphia Federal Reserve Bank,yesterday. The Fed’s $85 billion-a-month asset purchases were having little impact on the economy and come with large potential costs, he said.

Bloomberg reports Microsoft $731 million by European Union regulators for violating the terms of a 2009 settlement to give users a choice of web browsers aside from Internet Explorer. The company said last July it only learned that month that it didn’t offer its browser choice software on some 28 million computers running Windows 7 Service Pack 1, or 10 percent of the computers that should have received it.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/private-sector-jobs-growth-beats-expectations-2013-03-06
http://www.marketwatch.com/story/feds-plosser-calls-for-tapering-then-ending-qe3-2013-03-06
http://www.bloomberg.com/news/2013-03-06/microsoft-fined-731-million-by-eu-for-violating-browser-accord.html


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