| The KUIK Market Update for Wednesday, April 30: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 20.15 | points | 16,556 | 8:08 AM | ||
| S&P500 | Up | 0.1% | percent | 1,879 | 1.11 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,101 | (2.38) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.47 | Annual Yield | ||
| ADP reports employers added 220,000 private-sector jobs this month, up from 209,000 in March. Trends are improving. Over the quarter through April, private-sector employers added an average of 207,000 jobs per month, up from an average of 167,000 a year ago. | |||||||
| Gross domestic product rose at an annual rate of just 0.1% from January through the end of March, the weakest performance in three years, according to a preliminary estimate by the Commerce Department. Economists expected growth to slow to a seasonally adjusted 1% from a 2.6% clip in the fourth quarter of 2013. | |||||||
| The Chicago Purchasing Managers Index rebounded in April to the fastest pace in six months,. It rose to 63.0 in April after falling to 55.9 in March, the lowest level since August. New orders and production both were up sharply. | |||||||
| The Treasury Department announced today that it plans to slowly decrease the sizes of the auctions of its shorter-dated coupon securities over the next quarter. Treasury said it will trim the size of the 2-and 3-year note auctions by $1 billion each month of the quarter. The department also announced that it will sell $69 billion in notes and bonds next week in its quarterly refunding auction, down from $70 billion last quarter. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/private-sector-jobs-growth-strongest-in-five-months-2014-04-30 | |||||||
| http://www.marketwatch.com/story/us-gdp-posts-smallest-gain-in-three-years-2014-04-30 | |||||||
| http://www.marketwatch.com/story/chicago-business-gauge-jumps-to-630-in-april-2014-04-30 | |||||||
| http://www.marketwatch.com/story/treasury-to-trim-short-term-debt-auction-sizes-2014-04-30-8913035 | |||||||
| For today’s Market Update Report click to listen-> | |||||||