| The KUIK Market Update for Wednesday, May 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (72) | points | 14,767 | 2:14 PM | ||
| S&P500 | Down | -0.56% | percent | 1,589 | (14.87) | points | |
| Nasdaq Composite | Down | -0.57% | percent | 3,310 | (29.66) | points | |
| 30 Year Treasury | Down | (5) | Basis Points | 2.84 | Annual Yield | ||
| Private employers added 119,000 jobs in April, the weakest gain since September, compared with 131,000 in March, according to the ADP monthly jobs report. Economists polled by MarketWatch expected 150,000 jobs in April, compared with the original March estimate of 158,000. | |||||||
| The final reading of Markit’s manufacturing purchasing managers index slowed to a six-month low of 52.1 in April from 54.6 in March. Markit said the index fell the fastest since June 2010 and represented only a modest improvement in overall business conditions. The initial estimate for April was 52. | |||||||
| China’s official gauge of manufacturing activity fell to 50.6 in April, according to the National Bureau of Statistics, still above 50 indicating expansion, but weaker than expected. | |||||||
| 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-slows-in-april-adp-2013-05-01?dist=beforebell | |||||||
| http://www.marketwatch.com/story/final-markit-manufacturing-pmi-at-6-month-low-2013-05-01 | |||||||
| http://www.marketwatch.com/story/china-manufacturing-data-show-weaker-growth-2013-04-30 | |||||||
| For today’s Market Update Report click to listen-> | |||||||