| The KUIK Market Update for Friday, December 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 54 | points | 17,954 | 7:59 AM | ||
| S&P500 | Up | 0.1% | percent | 2,074 | 2.44 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,779 | 9.23 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.97 | Annual Yield | ||
| The Labor Department reports the U.S. added 321,000 new jobs in November, for the biggest gain since early 2012. The unemployment rate held steady at 5.8% as more people reentered the labor force in search of work. The bulk of the gains were concentrated in white-collar professions, retail, health care and manufacturing. The business sector led the way again, creating 86,000 jobs. Retailers also added 50,000 workers to gear up for what’s expected to be the best holiday shopping season since 2007. | |||||||
| European stocks rebounded from yesterday’s sharp losses, surging on signs the European Central Bank may introduce quantitative easing in January. The Stoxx Europe 600 index rose 1.5% to 349.84, extending its rise on that strong jobs report. However energy and mining sectors moved lower. | |||||||
| President Obama todayurged the Senate to quickly confirm Ashton Carter as the next secretary of defense. Speaking at the White House, Obama called Carter a reformer who had never been afraid to cancel “old or inefficient weapons programs.” Carter is a former deputy defense secretary. He will replace the outgoing Chuck Hagel when confirmed. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/321000-jobs-added-to-economy-in-november-2014-12-05 | |||||||
| http://www.marketwatch.com/story/european-stocks-rebound-as-ecb-stimulus-hopes-revive-2014-12-05?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/obama-praises-reformer-carter-for-willingness-to-cut-pentagon-programs-2014-12-05 | |||||||
| For today’s Market Update Report click to listen-> | |||||||