| The KUIK Morning Market Report for Thursday, July 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 147 | points | 15,438 | 6:59 AM | ||
| S&P500 | Up | 0.99% | percent | 1,669 | 16.31 | ||
| Nasdaq Composite | Up | 1.06% | percent | 3,558 | |||
| 30 Year Treasury | Down | (5) | Basis Points | 3.64 | Annual Yield | ||
| The Labor Department reported he number of people who applied for unemployment benefits in the first week of July jumped by 16,000 to a seasonally adjusted 360,000, the highest level in two months. Economists expected 340,000. | |||||||
| The Labor Department also reported the price of imports fell 0.2% in June despite an increase in fuel costs. This was the fourth straight decline and indicates that inflationis contained. Fuel costs rose 0.1% in June, but the price of all other imported goods such as food and industrial supplies dropped 0.3%. The decline in import prices in May, meanwhile, was revised down to 0.7%. Import prices are only up 0.2% in the past 12 months, but that’s the biggest year-over-year increase since April 2012. The price of U.S. exports dipped 0.1% and also fell for the fourth straight month, a sign of economic weakness at U.S. trading partners. | |||||||
| Yesterday, Fed Chief Ben Bernanke said the central bank is in no hurry to raise short-term interest rates given the weak job market and low inflation. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/weekly-us-jobless-claims-jump-16000-to-360000-2013-07-11 | |||||||
| http://www.marketwatch.com/story/us-import-prices-drop-02-in-june-2013-07-11 | |||||||
| http://www.marketwatch.com/story/bernanke-stresses-rates-to-stay-low-for-long-time-2013-07-10-171033059 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||