| The KUIK Market Update for Friday, July 5: | |||||||
| Markets had a strong open but have given back most of their gains. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 10 | points | 14,999 | 7:52 AM | ||
| S&P500 | Up | 0.20% | percent | 1,619 | |||
| Nasdaq Composite | Up | 0.19% | percent | 3,450 | |||
| 30 Year Treasury | Up | 15 | Basis Points | 3.64 | 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. | |||||||
| 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. Shares of rival Hewlett-Packard were up 1%; the Dell filing noted that the company’s “recent performance has been superior to Dell’s” in its filing. | |||||||
| 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/dell-shares-fall-while-tech-stocks-rise-2013-07-05?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||