Morning Market Report 9/5/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Thursday, September 5:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	46	points	14,977	6:58 AM
S&P500	Up	0.32%	percent	1,658		5.31
Nasdaq Composite	Up	0.31%	percent	3,660		11.41
30 Year Treasury	Up	3	Basis Points	3.83	Annual Yield

ADP reports private-sector jobs rose by 176,000 in August, down from 198,000 jobs in July. Analysts polled by Marketwatch expected 185,000.

Productivity is up. The Labor Department reports the increase in U.S. productivity in the second quarter was higher than initially reported, as workers generated even more goods and services. Productivity rose 2.3% in the April-to-June period, up sharply from a first read of 0.9%. Economists expected a revision to 1.9%. Output of goods and services rose at 3.7% instead of 2.6% and hours worked was revised down to 1.4% from 1.7%..

The number of Americans applying for new unemployment benefits dropped by 9,000 to 323,000 in the week ended Aug. 31, keeping initial claims near a five-and-a-half year low. Economists expected claims to fdrop to 330,000 on a seasonally adjusted basis.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/private-sector-job-growth-slows-slightly-in-august-2013-09-05
http://www.marketwatch.com/story/us-second-quarter-productivity-upped-to-23-2013-09-05
http://www.marketwatch.com/story/us-weekly-jobless-claims-drop-9000-to-323000-2013-09-05


For today’s Morning Market Report click to listen->