| The KUIK Morning Market Report for Friday, October 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 22 | points | 15,018 | 7:08 AM | ||
| S&P500 | Up | 0.29% | percent | 1,684 | 4.84 | ||
| Nasdaq Composite | Up | 0.48% | percent | 3,792 | 18.01 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.72 | Annual Yield | ||
| Due to the government shutdown, the monthly jobs report was not released this morning. Marketwatch reports that senior Republicans in Congress are shifting from their drive to defund the health-care law toward a broader budget deal. | |||||||
| Gold futures are slightly lower, pressured by a stronger dollar, as investors observe day four government shutdown. December gold fell 0.1%, to $1,316.10 an ounce on the Comex division of the New York Merc. on track for a 1.7% weekly loss. | |||||||
| There was a sharp split at the Federal Reserve on the decision to taper, Dallas Fed President Richard Fisher said today, according to Reuters. Fisher, was speaking at the Clinton Presidential Center in Little Rock, Arkansas. He labelled the decision a “close call.” He also said that the central bank’s decision not to taper has added to the general climate of uncertainty holding back the economy | |||||||
| Tech stocks are up, led by Facebook. Facebook shares are up 1.4% to $49.94. Yesterday the company said it will start running ads through its Instagram service. That announcement came just minutes before rival social network Twitter anounced its filing for an initial public offering that could take place within a month. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stocks-waver-remain-on-track-for-weekly-losses-2013-10-04 | |||||||
| http://www.marketwatch.com/story/gold-drops-as-dollar-rises-palladium-gains-2013-10-04?dist=markets | |||||||
| http://www.marketwatch.com/story/fisher-said-fed-vote-was-close-call-2013-10-04?link=MW_Nav_NV | |||||||
| http://www.marketwatch.com/story/facebook-yahoo-lead-early-tech-gains-2013-10-04?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||