| The KUIK Morning Market Report for Thursday, May 15: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (105) | points | 16,509 | 6:58 AM | ||
| S&P500 | Down | -0.7% | percent | 1,876 | (12.94) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,068 | (32.14) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.33 | Annual Yield | ||
| Initial jobless claims declined by 24,000 to a seasonally adjusted 297,000 in the week ended May 10, according to the Labor Department. Economists expected 321,000. That was the second straight week of decline, touching the lowest level since May 2007, but may have been affected by the Easter Holiday. | |||||||
| The Labor Department also reports the consumer price index jumped a seasonally adjusted 0.3% last month to mark the largest gain since June Energy prices rose 0.3% and food prices climbed 0.4%. Excluding the volatile food and energy categories, core consumer prices increased 0.2%. That matched expectations. Consumer prices have risen an unadjusted 2.0% over the past 12 months, up from 1.5% in March. The core rate has risen 1.8% in the same span and remains below what the Federal Reserve considers acceptable. | |||||||
| Manufacturers in the New York region said business improved markedly in early May. After barely expanding in April, the Empire state index shot up to 19.0 in May, its highest level since mid-2010, according to the New York Federal Reserve Bank. The gain was well above expectations. Economists expected only 5.4. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-lowest-level-since-2007-2014-05-15 | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-jump-03-in-april-2014-05-15 | |||||||
| http://www.marketwatch.com/story/manufacturing-strengthens-in-new-york-in-may-2014-05-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||