| The KUIK Morning Market Report for Thursday, October 24: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 57 | points | 15,470 | 7:08 AM | ||
| S&P500 | Up | 0.06% | percent | 1,747 | 1.10 | ||
| Nasdaq Composite | Up | 0.16% | percent | 3,913 | 6.36 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.58 | Annual Yield | ||
| The Labor Department reported Initial claims for unemployment benefits fell by 12,000 to 350,000 in the week ended Oct. 19. Economists expected claims to fall to a seasonally adjusted 337,000. Applications fell for the third straight week, but the level of initial claims remained elevated because of ongoing computer problems in California that are keeping many applications from being processed on time. | |||||||
| The U.S. trade deficit rose slightly in August as exports fell and the average price of imported oil climbed to the highest level in more than a year. The trade gap widened to a seasonally adjusted $38.8 billion from a downwardly revised $38.6 billion in July,according to the Commerce Department and economists polled by MarketWatch forecast $39.7 billion. Thereport was delayed by the government shutdown. | |||||||
| Gold futures rose on a weaker dollar following that better than expected jobs report. December gold gained 0.8%, to $1,345 an ounce in electronic trading on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-drop-12000-to-350000-2013-10-24-9103733 | |||||||
| http://www.marketwatch.com/story/august-trade-deficit-edges-up-to-388-billion-2013-10-24 | |||||||
| http://www.marketwatch.com/story/gold-rises-above-1340-as-dollar-weakens-2013-10-24?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||