| The KUIK Market Update for Thursday, March 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 49 | points | 14,575 | 8:19 AM | ||
| S&P500 | Up | 0.27% | percent | 1,567 | 4.17 | points | |
| Nasdaq Composite | Up | 0.13% | percent | 3,261 | 4.22 | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.10 | Annual Yield | ||
| Cyprus’s banks reopened today after a two-week closure. Early reports showed few signs of panic, though withdrawals and other transactions are limited by capital controls. Withdrawals are limited to 300 euros and no money may leave the country. | |||||||
| The Department of Labor reported that initial jobless claims rose 16,000 to 357,000 in the week ended March 23, reaching the highest level since mid-February. Initial claims have increased for two consecutive weeks. Economists surveyed by Marketwatch expected only 339,000. | |||||||
| Confidence among U.S. consumers fell for a second straight week as Americans became more pessimistic on the economy. The Bloomberg Consumer Comfort Index dropped to minus 34.4 in the week ended March 24, a six-week low, from minus 33.9 in the prior period. The decrease was within the margin of error of 3 percentage points. The measure of Americans’ views on the current state of the economy fell to minus 61.1 from minus 59.5. The decline was the fourth straight. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/euro-consolidates-as-cyprus-banks-reopen-2013-03-28 | |||||||
| http://www.marketwatch.com/story/weekly-jobless-claims-highest-since-february-2013-03-28 | |||||||
| http://www.bloomberg.com/news/2013-03-28/consumer-comfort-in-u-s-declines-for-a-second-straight-week.html | |||||||
| For today’s Morning Market Report click to listen-> | |||||||