The KUIK Morning Market Report for Wednesday, November 1:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
128
points
23,502
7:13 AM
S&P500
Up
0.4%
percent
2,586
10.54
Nasdaq Composite
Up
0.2%
percent
6,743
14.87
30 Year Treasury
Down
(1)
Basis Points
2.87
Annual Yield
ADP reports private-sector employers added 235,000 jobs in October up from the 110,000 gain in September. Small businesses added 79,000 job, medium 66,000, and large 90,000. Most of those gains were in the service sector — with 150,000 jobs and 85,000 for goods producers. Construction was also up.
Marketwatch reports the House Republican tax plan will preserve a top individual tax rate of 39.6%, though party leaders are delaying its release by a day to iron out other unresolved issues. The plan drops the corporate tax rate to 20%, and it delays a planned repeal of the estate tax. House Speaker Paul Ryan (R., Wis.) shared the details with conservative groups before the plan’s release.
In news from the freaky deaky world of tech, consumers can now ask Amazon’s Alexa device for their credit score. But it will cost them $25 a month. The credit agency Experian announced this week that Amazon’s Alexa can tell people their FICO credit score. Customers can use voice commands to ask what behaviors are helping or hurting their score and how much outstanding debt they have.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
