| The KUIK Market Update for Monday, March 31: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 122 | points | 16,447 | 7:57 AM | ||
| S&P500 | Up | 0.73% | percent | 1,871 | 13.59 | ||
| Nasdaq Composite | Up | 1.07% | percent | 4,200 | 44.49 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.58 | Annual Yield | ||
| Federal Reserve Chairman Janet Yellen said today that the recovery still feels like a recession to many Americans, which is why the Fed will keep its extraordinary support for the economy for some time to come” In a speech in a Chicago investment conference, Yellen also discussed the slack in the jobs market, and weighed in on why the labor force participation rate is so low. | |||||||
| The Chicago purchasing-managers index fell to 55.9 in March, down 3.9 points from February. That was the lowest level since August. Economists had expected 60. Results over 50 indicate expansion. The drop was due to lower levels of new orders and employment | |||||||
| Economic reports to be released this week will make for volatile trading in gold. June gold is off 50 cents to $1,294.30 an ounce on the Comex division of the New York Merc. Gold is down 2% for the month, but is set to log a gain of around 7.6% for the quarter according to FactSet. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/yellen-feds-extraordinary-aid-to-last-for-some-time-2014-03-31 | |||||||
| http://www.marketwatch.com/story/chicago-business-gauge-falls-to-559-in-march-2014-03-31 | |||||||
| http://www.marketwatch.com/story/gold-edges-up-with-jobs-report-on-horizon-2014-03-31?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||