| The KUIK Morning Market Report for Friday, July 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 47 | points | 15,040 | 7:07 AM | ||
| S&P500 | Up | 0.41% | percent | 1,622 | |||
| Nasdaq Composite | Up | 0.43% | percent | 3,459 | |||
| 30 Year Treasury | Up | 16 | Basis Points | 3.65 | Annual Yield | ||
| The US gained 195,000 new jobs in June. Economists expected 155,000 jobs. Unemployment held steady at 7.6%, because more people entered the labor force in search of work. The U-6 rate which includes unemployed, discouraged, underemployed workers jumped to 14.3% from 13.8%. | |||||||
| Oil futures were up on reports Egypt has closed off its borders with the Gaza Strip and announced a state of emergency in the Suez and Sinai provinces. Reuters reports that the Suez Canal is operating normally. August Crude is up 0.7%, to $101.95 a barrel on the New York Merc. | |||||||
| German manufacturing orders in May declined 1.3% on the month after April’s 2.2% drop, according to the German Economics Ministry. The report fell short of analysts’ expectations for a 1.2% increase. The ministry said German manufacturing orders have been volatile recently, noting that big ticket orders in May were below average. | |||||||
| Dell shares dropped more than 1% in early trades to $13.14 after the company issued a filing with the Securities and Exchange Commission, warning shareholders of “substantial downside risk” to the stock if the buyout deal from Michael Dell and Silver Lake is rejected. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-creates-195000-jobs-in-june-2013-07-05 | |||||||
| http://www.marketwatch.com/story/oil-lower-as-dollar-gains-ahead-of-jobs-report-2013-07-05?dist=markets | |||||||
| http://www.marketwatch.com/story/german-manufacturing-orders-disappoint-with-drop-2013-07-05 | |||||||
| http://www.marketwatch.com/story/dell-shares-fall-while-tech-stocks-rise-2013-07-05?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||