| The KUIK Morning Market Report for Thursday, October 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (77) | points | 15,057 | 7:01 AM | ||
| S&P500 | Down | -0.60% | percent | 1,684 | (10.15) | ||
| Nasdaq Composite | Down | -0.40% | percent | 3,800 | (15.26) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.72 | Annual Yield | ||
| They came, they saw, they walked away. A meeting between President Obama and congressional leaders ended Wednesday night with no deal to re-open the U.S. government. House Speaker John Boehner told reporters that Obama repeated he wouldn’t negotiate about passing a funding bill. With the Senate in recess tdoay, the stalemate and government shutdown will continue for a third day today. | |||||||
| The Labor Department reported new applications for unemployment benefits edged up by 1,000 to 308,000 in the week ended Sept. 28, but layoffs iare still at post-recession lows. Economists expected a seasonably adjusted rise to 313,000. The average of new claims over the past month, , fell by 3,750 to 305,000, lowest level since May 2007. | |||||||
| China’s non-manufacturing Purchasing Managers’ Index rose to a six-month high of 55.4 in September from 53.9 in August, according to the China Federation of Logistics and Purchasing. Above 50 indicates expansion. New orders climbed but business expectations fell. The non-manufacturing PMI covers services suchas retail, software as well as real estate and construction. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/white-house-meeting-ends-without-deal-2013-10-02 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-slightly-to-308000-2013-10-03 | |||||||
| http://www.marketwatch.com/story/china-sept-non-manufacturing-pmi-rises-to-554-2013-10-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||