| The KUIK Morning Market Report for Thursday, May 2: | |||||||
| Markets are up this morning after yesterday’s drop. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 40 | points | 14,741 | 6:55 AM | ||
| S&P500 | Up | 0.33% | percent | 1,588 | 5.29 | points | |
| Nasdaq Composite | Up | 0.48% | percent | 3,315 | 15.83 | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 2.84 | Annual Yield | ||
| The Labor Department reports Initial jobless claims dropped by 18,000 to a seasonally adjusted 324,000 in the week ended April 27, the lowest level since January 2008. Economists surveyed by MarketWatch expected claims to rise to 345,000 from a revised 342,000 in the week before. | |||||||
| U.S. workers and businesses improved their productivity in the first quarter after a sharp drop at the end of 2012. Productivity rose at a 0.7% annual rate from January through March following a revised 1.7% decline in the fourth quarter, according to the Labor Department. Economists surveyed by MarketWatch forecast a 0.9% increase. | |||||||
| Intel has named Brian Krzanich as its next chief executive, succeeding Paul Otellini and continuing a trend of promoting from within. Mr. Krzanich has worked as Intel’s chief operating officer since January 2012. He joined the company in 1982, and will take on his new role at this month’s annual stockholders meeting | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-lowest-since-january-2008-2013-05-02 | |||||||
| http://www.marketwatch.com/story/economy-more-productive-in-first-quarter-2013-05-02 | |||||||
| http://www.marketwatch.com/story/intel-names-krzanich-as-new-ceo-2013-05-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||