| The KUIK Market Update for Tuesday, February 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 85 | points | 15,887 | 7:46 AM | ||
| S&P500 | Up | 0.45% | percent | 1,808 | 8.18 | ||
| Nasdaq Composite | Up | 0.48% | percent | 4,168 | 20.02 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.68 | Annual Yield | ||
| New Federal Reserve Chairman Janet Yellen said Tuesday that markets should expect the central bank to continue to follow the low-interest-rate path laid out by her predecessor Ben Bernanke. Yellen made her prepared remarks for a hearing of the House Financial Services Committee. She said that the central bank would taper the pace of its asset purchases at future meetings if the economy continued to improve as expected, although the pullback was not on a preset course. She added the Fed plans to hold short-term interest rates at zero “well past” the time the jobless rate falls below 6.5% and that that volatility in global markets was not causing the Fed to rethink its policy stance. | |||||||
| The Labor Department reports job openings at U.S. workplaces fell to 3.99 million in December from 4.03 million in November. Compared with same period the year before, December’s job openings rose 10%, as private-sector openings increased 13% to 3.64 million, and government positions fell fell by 31,000. With 10.35 million unemployed people in December, there were about 2.6 potential job seekers per opening — the lowest ratio since August 2008 — compared with 2.7 in November. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/yellen-stresses-continued-low-rate-policy-2014-02-11 | |||||||
| http://www.marketwatch.com/story/december-job-openings-tick-down-to-399-million-2014-02-11 | |||||||
| For today’s Market Update Report click to listen-> | |||||||