| The KUIK Morning Market Report for Thursday, October 18: | |||||||
| Markets are down slightly this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (8) | points | 13,549 | 7:54 AM | ||
| S&P500 | Down | -0.2% | percent | 1,458 | (2.78) | points | |
| Nasdaq Composite | Down | -0.5% | percent | 3,089 | (15.44) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 2.97 | Annual Yield | ||
| The Labor Department reported new unemployment claims jumped by 46,000 to a seasonally adjusted 388,000 in the week ended Oct. 13. Economists surveyed by MarketWatch had expected on ly 365,000. Two weeks ago, the Labor Department said claims had fallen to a four-year low, but the drop came from seasonality at the end of the quarter and the underreporting of new claims by California. | |||||||
| The index of Leading Economic Indicators rose 0.6% last month, a big change from a downwardly revised 0.4% in August. A prior estimate for August pegged the decline at 0.1%. Economists expected a .2 percent gain. | |||||||
| Federal Reserve Bank of Philadelphia says manufacturing activity in the Philadelphia region showed modest improvement in October. The Philly Fed diffusion index rose to 5.7 in October from negative 1.9 in September. This is the first positive reading after five straight monthly reading below zero, indicating contraction. | |||||||
| Finally, sometimes it pays to not be cool. Apple lost a U.K. appeals court decision over whether Samsung’s Galaxy tablet infringed on the design of the iPad. A three-judge panel in London upheld an earlier decision by a U.K. court that said several of Samsung’s Galaxy tablets weren’t cool enough to be confused with the iPad. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-initial-jobless-claims-jump-to-388000-2012-10-18?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/leading-indicators-jump-06-in-september-2012-10-18 | |||||||
| http://www.marketwatch.com/story/philly-factory-activity-improves-in-october-2012-10-18 | |||||||
| http://www.bloomberg.com/news/2012-10-18/apple-loses-u-k-appeal-over-not-as-cool-samsung-galaxy-tablet.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||