| The KUIK Morning Market Report for Wednesday, October 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (150) | points | 16,893 | 7:09 AM | ||
| S&P500 | Down | -0.8% | percent | 1,956 | (16.10) | ||
| Nasdaq Composite | Down | -1.1% | percent | 4,445 | (48.86) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 3.16 | Annual Yield | ||
| ADP reports private-sector employers added 213,000 jobs in September, up from 202,000 in August, Economists polled by Dow Jones expected of 209,000. That was the sixth consecutive month of job gains above-200,000. | |||||||
| Activity in Europe’s manufacturing sector slowed more sharply than first estimated in September, with Germany and France contracting, and Italy surprisingly expanding. Markit’s monthly survey of purchasing managers at more than 3,000 manufacturers fell to 50.3 from 50.7 in August. Readings above 50 indicate expansion. | |||||||
| Common and preferred shares of federally controlled mortgage companies Fannie Mae and Freddie Mac plunged in early trading this morning. Yesterdaya judge dismissed investors’ claims over the government’s taking of Fannie and Freddie’s profits. Common shares were recently off 42% for Fannie and 40% for Freddie Mac. Preferred shares are off about 50% for both. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/adp-reports-sixth-month-of-job-gains-above-200000-2014-10-01?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/germany-a-fresh-source-of-weakness-as-eurozone-pmi-falls-to-503-2014-10-01 | |||||||
| http://www.marketwatch.com/story/common-preferred-shares-of-fannie-freddie-plunge-after-dismissal-of-investor-suit-2014-10-01 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||