| The KUIK Market Update for Friday, March 7: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 46 | points | 16,467 | 7:58 AM | ||
| S&P500 | Down | -0.02% | percent | 1,877 | (0.46) | ||
| Nasdaq Composite | Down | -0.37% | percent | 4,336 | (16.28) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.74 | Annual Yield | ||
| The Labor Department reports the U.S. economy generated 175,000 non-farm jobs in February despite tough winter weather. It was the biggest increase in three months. Economists expected 140,000 new jobs. The unemployment rate edged up to 6.7% from 6.6% because more people entered the labor force in search of jobs. The participation rate was unchanged at 63.0%. | |||||||
| The trade deficit with other nations rose slightly in January, mainly because the U.S. exported less petroleum and imported more crude oil. The trade gap edged up to a seasonally adjusted $39.1 billion from an upwardly revised $39 billion in December. Imports rose 0.6% to almost $232 billion while exports also climbed 0.6%, to $192 billion. | |||||||
| Oil is up on that jobs report, April crude rose 1%, to $102.60 a barrel on the New York Merc. April gold for is also down, off 1.4%, to $1,333.50 an ounce on the Comex. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-gains-175000-jobs-in-february-2014-03-07-81034644 | |||||||
| http://www.marketwatch.com/story/us-trade-gap-rises-slightly-to-391-billion-2014-03-07 | |||||||
| http://www.marketwatch.com/story/oil-edges-higher-ahead-of-february-payrolls-2014-03-07 | |||||||
| http://www.marketwatch.com/story/gold-in-holding-pattern-ahead-of-jobs-report-2014-03-07?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||