Apr 4, 2014

Morning Market Report

A quiet day on local markets, as US data trickles through.

The market is down one point.The Dow Jones was flat at 16,573 — The market opened higher and drifted lower throughout the day before a late recovery to finish unchanged. Volume was below average and the market traded in a 75 point range.

US economic data was mixed — US weekly jobless claims increased to 326,000, higher than expectations of 317,000. The government’s monthly jobs number is out tonight. The ISM service sector index rose to 53.1 in March, slightly below the 53.5 expected but above 51.6 previously.

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