| The KUIK Morning Market Report for Thursday, March 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (31) | points | 16,190 | 7:04 AM | ||
| S&P500 | Down | -0.07% | percent | 1,859 | (1.35) | ||
| Nasdaq Composite | Down | -0.15% | percent | 4,301 | (6.42) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.66 | Annual Yield | ||
| Initial jobless claims climbed by 5,000 to a seasonally adjusted 320,000 in the week ended March 15 according to the Labor Department . That’s less than the 325,000 estimate of economists polled by MarketWatch. Continuing claims increased by 41,000 to a seasonally adjusted 2.89 million in the week ended March 8. A Senate bill last week would restore extra unemployment payments to up to several million people following the expiration of extended benefits at the end of 2013. House leaders said the bill is unworkable and it does not look like the two sides will reach agreement anytime soon. | |||||||
| Fed Chairman Janet Yellen in her first press conference yesterday was asked a question about how long the Fed would wait after the tapering of bond buying ends before it begins to raise rates. She said it probably means something in the order of “around six months,” which investors took to mean April or May 2015, versus previous expectations of a hike towards the end of 2015. Stock and commodity markets sold off yesterday and today on that news. | |||||||
| 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-5000-to-320000-2014-03-20 | |||||||
| http://www.marketwatch.com/story/silver-copper-hit-hard-gold-also-down-in-feds-wake-2014-03-20?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||