| The KUIK Morning Market Report for Thursday, June 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (158) | points | 14,952 | 6:57 AM | ||
| S&P500 | Down | -1.04% | percent | 1,612 | (16.97) | points | |
| Nasdaq Composite | Down | -0.96% | percent | 3,409 | (40.00) | points | |
| 30 Year Treasury | Up | 5 | Basis Points | 3.46 | Annual Yield | ||
| U.S. stocks dropped sharply. Asian and European stocks, gold, and bonds fell as well after the Federal Reserve signaled its bond buying could be scaled back later this year. | |||||||
| The Labor Department reported that new claims for unemployment climbed by 18,000 to a seasonally adjusted 354,000 in the week ended June 15. Economists surveyed by MarketWatch expected a rise to 340,000 from a revised 336,000 the week before. | |||||||
| Markit reported the U.S. preliminary manufacturing purchasing managers’ index dropped slightly to 52.2 from 52.3 in May. New orders improved in June, but employment grew at the slowest rate in the recovery. | |||||||
| Over in China, the preliminary HSBC manufacturing Purchasing Managers’ Index fell to a nine-month low of 48.3, down from May’s final read of 49.2. Below 50 indicates contraction. Output swung from expansion to an eight-month low of 48.8, while those for overall new orders and for new export orders both showed larger drops. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-fall-sharply-on-fed-tapering-worry-2013-06-20 | |||||||
| http://www.marketwatch.com/story/more-workers-seek-unemployment-benefits-2013-06-20 | |||||||
| http://www.marketwatch.com/story/us-june-flash-factory-pmi-little-changed-2013-06-20 | |||||||
| http://www.marketwatch.com/story/china-factory-activity-slowing-further-in-june-2013-06-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||