| The KUIK Morning Market Report for Thursday, October 11: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 72 | points | 13,417 | 7:56 AM | ||
| S&P500 | Up | 0.7% | percent | 1,443 | 10.22 | points | |
| Nasdaq Composite | Up | 0.8% | percent | 3,075 | 23.53 | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.92 | Annual Yield | ||
| The Labor Department reported the number of U.S. workers who filed new applications for unemployment benefits dropped by 30,000, last week to 339,000, the lowest level in more than four years. Analysts were cautious about reading too much into the report. Seasonal factors tend to be positive at the start of a quarter and a single large state–California was responsible for most of the drop. They did not include their backlog of unprocessed claims in the report. | |||||||
| European markets are up on the unemployment report. Europe is also being helped by Spain. S&P cut Spain’s credit rating to BBB-minus from BBB-plus, with a negative outlook. S&P said it sees mounting risks to the country’s public finances, while a deepening recession is limiting the government’s policy options. Spain is expected to make a formal bailout request to the European Union, and that is adding certainty to the markets. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-plunge-to-four-year-low-2012-10-11?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/europe-stocks-rise-spain-weighs-after-downgrade-2012-10-11?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||