| The KUIK Market Update for Friday, September 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (83) | points | 14,857 | 7:30 AM | ||
| S&P500 | Down | -0.26% | percent | 1,651 | (4.30) | ||
| Nasdaq Composite | Down | -0.34% | percent | 3,646 | (12.62) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.82 | Annual Yield | ||
| The Labor Department reports the U.S. added 169,000 new jobs in August, and the number of jobs created in July was revised downward to 104,000 from 162,000, smallest increase since June 2012.. The unemployment rate, dropped slightly to 7.3% from 7.4%, but that was because fewer people were searching for work, The labor force participation rate fell to 63.2%, lowest level since the summer of 1978. | |||||||
| The dollar dropped and gold futures rallied. December gold $15.70 to $1,388.3 an ounce on the New York Merc. It was down around $4 ahead of the jobs report. | |||||||
| At a press conference at the Group of 20 conference, Russian President Vladimir Putin said his country would “assist” Syria if attacked. Russia already provides Syria with military equipment and can veto any action at the United Nations Security Council. The Wall Street Journal reports the U.S. has intercepted a message from an Iranian official ordering Shiite militia groups in Iraq to attack American interests in Baghdad in the event of a US strike on Syria. Potential targets include the U.S. Embassy. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-economy-adds-169000-jobs-in-august-2013-09-06 | |||||||
| http://www.marketwatch.com/story/gold-futures-rally-after-us-employment-report-2013-09-06 | |||||||
| http://www.marketwatch.com/story/iran-plans-revenge-on-us-if-syria-is-attacked-2013-09-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||