| The KUIK Morning Market Report for Tuesday, October 22: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 75 | points | 15,468 | 7:04 AM | ||
| S&P500 | Up | 0.63% | percent | 1,756 | 10.92 | ||
| Nasdaq Composite | Up | 0.54% | percent | 3,941 | 21.21 | ||
| 30 Year Treasury | Down | (6) | Basis Points | 3.63 | Annual Yield | ||
| The Labor Department reports the U.S. created 148,000 jobs in September. Economists surveyed by MarketWatch expected 185,000. The unemployment rate dropped in September to 7.2% from 7.3%, as more people found work, marking the lowest jobless rate since November 2008. The labor force participation rate held steady at 63.2%. Some revisions in data for previous months. August was revised up to 193,000 from 169,000, July was cut to 89,000 from 104,000. That’s the smallest increase since June 2012. | |||||||
| Ian Shepherdson, chief economist at Pantheon Macroeconomics, said that the September report was “soft all around.” “We would be astonished now if the Fed felt able to taper this year; even March looks like a struggle,” Shepherdson said in a note to clients. Dean Maki, chief U.S. economist at Barclays, pushed out his expectation for the first Fed tapering to March from December in light of the moderate tone of the September data. | |||||||
| Gold futures rose on that soft jobs report. December gold is up 0.9%, to $1,327.20 an ounce on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-148000-jobs-in-september-2013-10-22 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/10/22/fed-wont-start-taper-until-march-barclays-says-after-weak-jobs-report/ | |||||||
| http://www.marketwatch.com/story/gold-prices-climb-after-soft-jobs-report-2013-10-22?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||