Market Update Report 4/3/2014

The KUIK Market Update for Thursday, April 3:
Markets are down slightly.
Index Direction Change Units Last Time Change
Dow Down                    (18) points           16,555 7:45 AM
S&P500 Down -0.2% percent             1,888            (2.77) points
Nasdaq Composite Down -0.5% percent             4,257           (19.50) points
30 Year Treasury Down                      (3) Basis Points               3.62 Annual Yield
New claims for unemployment benefits rose by 16,000 to a seasonally adjusted 326,000 in the week ended March 29, according to the Labor Department. Economists  expected 320,000 from last week’s revised 310,000. 
Announced layoffs dropped last month, and total planned cuts over the three months through March hit the lowest level for a first quarter in 19 years, according to outplacement firm   Challenger, Gray & Christmas. There were  34,000 announced layoffs in March, down from 42,000 in February and 49,000 in March 2013. For the first quarter, employers announced about 121,000 cuts – the lowest first-quarter tally since 1995 – down from 145,000 during the first quarter of 2013. Health care led planned layoffs in March, due to lower Medicare and Medicaid funding, as well as cuts for temporary call-center workers who helped users sign up for insurance under the Affordable Care Act. For the first quarter, cuts were led by retail and financial-sector employers.
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-to-one-month-high-2014-04-03
http://www.marketwatch.com/story/planned-layoffs-fall-in-march-challenger-2014-04-03
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