| The KUIK Morning Market Report for Thursday, August 21: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 35 | points | 17,014 | 7:10 AM | ||
| S&P500 | Up | 0.1% | percent | 1,988 | 1.57 | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,516 | (10.85) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.21 | Annual Yield | ||
| The Labor Department report new applications for unemployment benefits fell by 14,000 to 298,000 in the week that ended August 16. Economists expected 300,000. Continuing claims fell by 49,000 to a seasonally adjusted 2.5 million in the week ended August 9th. | |||||||
| The preliminary Markit manufacturing purchasing managers index rose to 58 in August up from 55.8 in July to reach the highest level since April 2010. Any reading above 50 indicates expansion. Output and new order components accelerated, and employment rose to the highest level since March 2013. | |||||||
| Sales of existing homes rose 2.4% in July to a seasonally adjusted annual rate of 5.15 million, the fastest pace this year, according to the National Association of Realtors. Economists a drop to 5 million in July. . July’s sales pace was down 4.3% from a year earlier. The median sales price of used homes hit $222,900 in July, up 4.9% from a year ago. July’s inventory was 2.37 million existing homes for sale, a 5.5-month supply at the current sales pace. The number of homes available for sale was up 5.8% from a year ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-by-14000-to-298000-2014-08-21-891301 | |||||||
| http://www.marketwatch.com/story/us-manufacturing-pmi-reaches-highest-level-since-april-2010-2014-08-21 | |||||||
| http://www.marketwatch.com/story/existing-home-sales-rise-24-in-july-2014-08-21 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||