| The KUIK Morning Market Report for Thursday, March 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 20 | points | 14,546 | 7:00 AM | ||
| S&P500 | Up | 0.02% | percent | 1,563 | 0.33 | points | |
| Nasdaq Composite | Up | 0.03% | percent | 3,258 | 1.10 | 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 Chicago Purchasing Managers Index in March dropped 4.4 points to 52.4%, and came in elow expectations. Economists polled by MarketWatch expected 56.4. New orders, production, order backlogs and inventories all dropped. A reading over 50% still indicates expansion. | |||||||
| The Department of Labor reported that initial claims for unemployment-insurance benefits 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. | |||||||
| The U.S. economy’s performance in the fourth quarter was better that it first appeared and corporate profits rose in 2012 to an all-time high. Growth in the final three months of last year was pushed up to 0.4% from 0.1% in the government’s third and final analysis of gross domestic product. | |||||||
| 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/chicago-pmi-sees-larger-than-forecast-dip-in-march-2013-03-28 | |||||||
| http://www.marketwatch.com/story/weekly-jobless-claims-highest-since-february-2013-03-28 | |||||||
| http://www.marketwatch.com/story/us-growth-at-year-end-better-than-thought-2013-03-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||