| The KUIK Morning Market Report for Wednesday, January 7: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 181 | points | 17,553 | 7:02 AM | ||
| S&P500 | Up | 1.1% | percent | 2,024 | 21.64 | ||
| Nasdaq Composite | Up | 1.1% | percent | 4,644 | 50.98 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.56 | Annual Yield | ||
| The Commerce Department reports the nation’s trade deficit shrank 7.7% in November to an 11-month low of $39 billion mainly because of lower oil prices and the smallest amount of imported oil since 1994. Less demand for imported oil offset a reduction in American exports to Asia and Europe with the slowdown in economic growth outside the US. The trade gap fell sharply from a revised $42.2 billion in October, a bigger drop than Wall Street expected. Imports fell 2.2% to $235.4 billion. Exports fell 1.8% to a seasonally adjusted $196.4 billion in November. The U.S. saw a big drop in exports of aircraft, heavy machinery and computer-related equipment. Exports to key trading partners Japan, China and the European Union all fell. | |||||||
| ADP reports the private-sector added 241,000 jobs in December, up from 227,000 in November. November’s increase was previously estimated at 208,000. | |||||||
| The Federal Reserve releases minutes of the December meeting of the Federal Open Market Committee at 11 am Pacific time today in Washington. Markets will look for the direction on interest rates. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-falls-77-in-november-on-lower-oil-prices-crude-imports-2015-01-07 | |||||||
| http://www.marketwatch.com/story/adp-shows-job-market-continues-to-power-forward-in-december-2015-01-07 | |||||||
| http://www.bloomberg.com/news/2015-01-06/fed-minutes-guide-limits-of-patience-pace-of-rate-increases.html | |||||||
| For today’s Morning Market Report click to listen-> | |||||||