| The KUIK Market Update for Thursday, January 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 59 | points | 13,570 | 8:18 AM | ||
| S&P500 | Up | 0.4% | percent | 1,478 | 5.58 | points | |
| Nasdaq Composite | Up | 0.4% | percent | 3,131 | 1.47 | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 3.06 | Annual Yield | ||
| The Labor Department reports initial applications for unemployment benefits sank by 37,000 to a seasonally adjusted 335,000 in the week ended Jan. 12. Economists expected a drop to 368,000 from last week’s revised 372,000. January claims can be volatile because of holidays and seasonal hiring patterns, and analysts usually discount the report until the end of the month. | |||||||
| The Federal Reserve Bank of Philadelphia’s general economic index dropped to minus 5.8 from 4.6 in December. Readings lower than zero signal contraction in the area covering eastern Pennsylvania, southern New Jersey and Delaware. The median forecast of economists was 5.6. | |||||||
| Crude-oil futures climbed above $95 a barrel, finding underlying support following an attack by militants on a natural-gas field in Algeria that raised supply concerns. February crude rose 1.2%, to $95.40 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/initial-jobless-claims-fall-37000-to-335000-2013-01-17 | |||||||
| http://www.bloomberg.com/news/2013-01-17/manufacturing-in-the-philadelphia-region-unexpectedly-shrinks.html | |||||||
| http://www.marketwatch.com/story/oil-futures-slip-under-94-a-barrel-in-asia-2013-01-17?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||