| The KUIK Morning Market Report for Friday, March 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 28 | points | 14,357 | 6:59 AM | ||
| S&P500 | Up | 0.12% | percent | 1,546 | 1.83 | points | |
| Nasdaq Composite | Up | 0.09% | percent | 3,235 | 3.00 | points | |
| 30 Year Treasury | Up | 5 | Basis Points | 3.25 | Annual Yield | ||
| The Labor Department reported the U.S. added 236,000 jobs in February and the unemployment rate fell to 7.7% from 7.9%, marking the lowest level since December 2008. Economists polled by Marketwatch expected 160,000. The job ains were the highest since November and were broad based, led by professional services (73,000), construction (48,000), health care (32,000) and retail (24,000). | |||||||
| Gold dropped sharply after that jobs report. April gold was up $1.70 and just under $1,600 an ounce ahead of the move. It fell $9.70 to $1,565.40 an ounce and the dollar hit a four year high against the Japanese yen. | |||||||
| Treasury prices fell, as 10-year yields surged to 11-month highs. Yields on the benchmark 10-year Treasury note rose 7 basis points to 2.07%, the highest level since April 2012. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/gold-tumbles-after-better-than-expected-jobs-data-2013-03-08 | |||||||
| http://www.marketwatch.com/story/treasury-yields-rise-to-11-month-high-after-data-2013-03-08 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||