| The KUIK Morning Market Report for Wednesday, July 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 10 | points | 16,966 | 7:07 AM | ||
| S&P500 | Up | 0.0% | percent | 1,973 | 0.13 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,461 | 2.59 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.43 | Annual Yield | ||
| ADP reports the private-sector added 281,000 new jobs in June. That’s the most since November 2012. The beats the 179,000 added in May and economists who expected 210,000 new jobs. Markets will be looking to tomorrow’s Labor Department nonfarm employment report economists expect a gain of 215,000 compared to May’s gain of 217,000. | |||||||
| Federal Reserve Chairman Janet Yellen will discuss financial stability today as observers worry that the Fed’s exit from its easy monetary policy stance will roil markets. Yellen will speak at 8:00 a.m. Pacific at the International Monetary Fund’s first annual central banking lecture named for former IMF chief Michel Camdessus. | |||||||
| The dollar was higher after that strong ADP report, gaining againsts the euro and the Japanese yen. August gold fell 0.2%, to $1,323.40 an ounce. August silver fell 0.5%, to just under $21 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/281000-private-sector-jobs-added-in-june-adp-says-2014-07-02 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/07/01/yellen-to-address-financial-stability-as-concerns-grow-about-impact-from-fed-policy/ | |||||||
| http://www.marketwatch.com/story/gold-turns-lower-after-adp-jobs-data-2014-07-02?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||