| The KUIK Market Update for Thursday, July 10: | |||||||
| Markets are down but up from their lows. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (84) | points | 16,901 | 8:03 AM | ||
| S&P500 | Down | -0.4% | percent | 1,964 | (8.74) | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,392 | (26.55) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.34 | Annual Yield | ||
| Markets opened sharply lower on worries about Europe. Espirito Santo Financial Group, owner of one of Portugal’s largest banks suspended trading its own shares and bonds, citing “ongoing material difficulties.” | |||||||
| The Labor Department reports initial claims for unemployment benefits fell by 11,000 to a seasonally adjusted 304,000 in the weekended July 5. That’s the lowest level in seven weeks. Economists expected 320,000. Continuing claims increased by 10,000 to a seasonally adjusted 2.58 million in the week ended June 28. | |||||||
| Chinese hackers accessed a sensitive U.S. government network containing personal data from federal employees’ security-clearance applications, the New York Times reported yesterday, citing unidentified senior U.S. officials. The breach occurred in March and targeted the Office of Personnel Management’s e-QIP system which contains financial, medical and other sensitive information on applicants for security clearances. The intrusion was traced to China, although it wasn’t clear whether the Chinese government was involved or what personal information was compromised. Top U.S. officials are in Beijing, meeting with Chinese officials as part of the two nations’ annual Strategic and Economic Dialogue. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stocks-futures-plunge-as-fed-minutes-sink-in-2014-07-10 | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-nearly-a-7-year-low-2014-07-10 | |||||||
| http://www.marketwatch.com/story/chinese-hackers-access-us-personnel-data-report-2014-07-09?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||