| The KUIK Market Update for Thursday, April 18: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (29) | points | 14,591 | 8:06 AM | ||
| S&P500 | Down | -0.25% | percent | 1,548 | (3.84) | points | |
| Nasdaq Composite | Down | -0.49% | percent | 3,189 | (15.56) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 2.88 | Annual Yield | ||
| Initial jobless claims rose by 4,000 to a seasonally adjusted 352,000 in the week ended April 13, according to the Labor Department, slightly above expectations. | |||||||
| The economy “has lost some steam” and will grow slowly in the near term, according to the Conference Board. It reported the Leading Economic Index dropped by .1% in March after three months of gains. Economists polled by Marketwatch expected a .2% gain. | |||||||
| Business among manufacturers in the Philadelphia region softened in April, according to the Philadelphia Federal Reserve. The bank’s business-conditions index edged down to 1.3 from 2.0 in March, though a reading above zero indicates expansion. Economists polled by MarketWatch expected a rise to 4.0. The Fed reported that the index for new orders fell to negative 1.0 in April from a positve 0.5 in March | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-edge-higher-2013-04-18 | |||||||
| http://www.marketwatch.com/story/economy-to-grow-slowly-in-near-term-lei-2013-04-18 | |||||||
| http://www.marketwatch.com/story/philly-fed-index-drops-to-13-in-april-from-20-2013-04-18?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||