| The KUIK Market Update for Thursday, July 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 113 | points | 15,586 | 7:55 AM | ||
| S&P500 | Up | 0.71% | percent | 1,693 | 11.88 | ||
| Nasdaq Composite | Up | 0.38% | percent | 3,624 | 1.00 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.60 | Annual Yield | ||
| The Department of Labor reports initial jobless claims fell 24,000 to 334,000 in the week ended July 13. That is the largest decrease since April. Economists expected 341,000. | |||||||
| Wild manufacturing data. The Philadelphia Fed’s manufacturing survey in July surged to 19.8 from 12.5 in June, hitting the highest level since March 2011. Economists polled by MarketWatch expected 10. The shipments index rose to 14.3 in July from 4.1, though the new orders index softened to 10.2 from 16.6. | |||||||
| Consumer sentiment declined last week from a five-year high as Americans grew more pessimistic about the economy. The Bloomberg Consumer Comfort Index fell to minus 28.4 in the period ended July 14, its first drop in five weeks, from minus 27.3 a week earlier. Higher prices for gas and stagnant wages are hurting attitudes. Only 28% of Americans say the economy is improving. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/new-weekly-jobless-claims-lowest-since-may-2013-07-18 | |||||||
| http://www.marketwatch.com/story/philly-fed-manufacturing-surges-to-198-2013-07-18?dist=lcountdown | |||||||
| http://www.bloomberg.com/news/2013-07-18/consumer-comfort-in-u-s-declines-after-reaching-five-year-high.html | |||||||
| For today’s Morning Market Report click to listen-> | |||||||