| The KUIK Morning Market Report for Friday, January 10: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (8) | points | 16,438 | 7:03 AM | ||
| S&P500 | Down | -0.07% | percent | 1,837 | (1.23) | ||
| Nasdaq Composite | Down | -0.02% | percent | 4,155 | (0.84) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.84 | Annual Yield | ||
| The Labor Department reported a disappointing jobs number. The U.S. added just 74,000 jobs in December to mark the smallest increase since the start of 2011. The unemployment rate fell to 6.7% from 7.0% to mark the lowest level since October 2008 but workforce participation dropped to 62.8 matching Ocober and is the lowest rate since 1978. 347,000 Americans stopped looking for work in December. Economists expected 193,000 new nonfarm jobs, and unemployment steady at 7.0% in December. | |||||||
| China’s exports and trade surplus for December missed forecasts. Exports rose 4.3% from December 2012, after surging 12.7% in November, trailing theconsenus estimate for a 4.5% increase. Imports were 8.3% higher than the December 0f 2012, up from 5.3% growth in November and above economists’ 5% projection. | |||||||
| February crude is up 1.2%, to $92.73 a barrel, bouncing back from a 67-cent loss yesterday on the New York Merc, holding onto gains in spite of a weaker dollar from that employment report and Chinese export data. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-posts-smallest-gain-in-jobs-in-3-years-2014-01-10?dist=beforebell | |||||||
| http://www.marketwatch.com/story/china-exports-trade-surplus-miss-forecasts-2014-01-09 | |||||||
| http://www.marketwatch.com/story/oil-bounces-back-on-china-data-weaker-dollar-2014-01-10?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||