| The KUIK Morning Market Report for Thursday, August 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 17 | points | 16,669 | 6:57 AM | ||
| S&P500 | Up | 0.2% | percent | 1,950 | 3.08 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,440 | 5.41 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.21 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits rose 21,000 to 311,000 in the week the ended Aug. 9, hitting the highest level since June. Despite that rise, weekly claims are near pre-recession levels, signaling a slow pace of layoffs. Economists expected 300,00. Continuing claims rose 25,000 to 2.54 million in the week that ended Aug. 2. | |||||||
| The Labor Department also reported that prices paid for goods imported into the U.S. fell by 0.2% in July, the first drop in three months, led by lower by fuel price. Economists forecast a 0.3% drop, following a 0.1% gain in June. Import prices for fuel fell 1.2% in July, the first drop in three months. Excluding fuel, import prices were unchanged . Import prices for cars fell 0.8% last month, the largest drop since 1992. Meanwhile, the prices of U.S.-made goods exported to other nations were unchanged. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-rise-21000-to-311000-2014-08-14 | |||||||
| http://www.marketwatch.com/story/us-import-price-index-declines-02-in-july-2014-08-14-8913010 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||