| The KUIK Morning Market Report for Thursday, May 1: | |||||||
| Markets are up slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 9 | points | 16,590 | 6:52 AM | ||
| S&P500 | Up | 0.0% | percent | 1,884 | 0.27 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,117 | 2.80 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.46 | Annual Yield | ||
| The Labor Department reported the number of initial claims in the week ending April 26 rose 14,000 to 344,000, which is the highest level since the end of February. That was a surprise. Wall Street expected claims to fall to 320,000. | |||||||
| Consumer spending in March accelerated at its fastest pace since August 2009, according to the Commerce Department. Incomes rose 0.5%, while spending increased 0.9%. Economists expected a 0.5% gain for incomes and a 0.7% gain in spending. The savings rate fell to 3.8% from 4.2% in February, the smallest level since January 2013. | |||||||
| Announced layoffs rose in April, but the year-to-date number is down from the same period in 2013, according to outplacement firm Challenger, Gray & Christmas. There were about 40,000 announced layoffs in April, up from 34,000 in March and 38,000 in April 2013. However, for the first four months of this year, employers announced about 162,000 cuts — down 12% from the same period in 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-jump-for-second-week-2014-05-01 | |||||||
| http://www.marketwatch.com/story/us-consumer-spending-jumps-in-march-2014-05-01 | |||||||
| http://www.marketwatch.com/story/planned-layoffs-rise-in-april-challenger-2014-05-01 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||