| The KUIK Market Update for Thursday, March 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 75 | points | 16,436 | 7:44 AM | ||
| S&P500 | Up | 0.33% | percent | 1,880 | 6.10 | ||
| Nasdaq Composite | Up | 0.15% | percent | 4,365 | 6.67 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.67 | Annual Yield | ||
| The Labor Department reports the number of people who applied for unemployment benefits fell by 26,000 to 323,000 in the week ended March 1, marking the lowest level since late November. Economists expected 335,000 on a seasonally adjusted basis. Claims have been distorted by a harsh winter . Two weeks ago, claims jumped to their highest level since mid-December. Bad weather deterred some people from filing or caused a backlog because state governments were temporarily closed. | |||||||
| Richard Fisher, president of the Federal Reserve Bank of Dallas, said he was concerned about “eye-popping levels” of some stock market metrics, and said the central bank has to monitor the signs carefully to make sure another bubble isn’t forming. In a speech in Mexico City, Fisher said some indicators like the price-to-projected forward earnings, price-to-sales ratios and market capitalization as a percentage of GDP, are at levels not seen since the dot-com boom of the late 1990s. He noted that margin debt is close to and all-time record. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-decline-by-26000-to-323000-2014-03-06 | |||||||
| http://www.marketwatch.com/story/feds-fisher-raises-concern-over-stock-values-2014-03-05 | |||||||
| For today’s Market Update Report click to listen-> | |||||||