| The KUIK Market Update for Thursday, July 25: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (40) | points | 15,502 | 8:06 AM | ||
| S&P500 | Down | -0.20% | percent | 1,683 | (3.39) | ||
| Nasdaq Composite | Up | 0.41% | percent | 3,594 | 4.45 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.67 | Annual Yield | ||
| The Labor Department reported initial jobless claims moved up by 7,000 to a seasonally adjusted 343,000 in the week ended July 20. Economists polled by MarketWatch had expected claims to rise to 342,000 from a revised 336,000 the week before. | |||||||
| Orders for U.S.-made durable goods in June were up by 4.2%, the third straight large monthly gain, according to the Commerce Department. It is due to a large increase in aircraft orders. Economists expected only a 2.3% gain. | |||||||
| Sens. Max Baucus, the Montana Democrat who chairs the Senate Finance Committee, and Orrin Hatch of Utah, the panel’s top Republican, have given fellow senators a deadline of Friday to send in ideas under the committee’s “blank slate” process. That approach, unveiled about a month ago, asks senators to justify what credits and deductions should be kept in the tax code. The Hill newspaper reports the two senators have promised their colleagues that their input will be kept secret for 50 years. That sounds secure. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-slightly-in-mid-july-2013-07-25 | |||||||
| http://www.marketwatch.com/story/us-durable-goods-orders-jump-42-on-aircraft-2013-07-25 | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/07/25/senators-promised-50-years-of-secrecy-for-tax-ideas-report/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||