| The KUIK Morning Market Report for Thursday, September 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 61 | points | 17,140 | 7:00 AM | ||
| S&P500 | Up | 0.4% | percent | 2,008 | 7.51 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,597 | 24.24 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.18 | Annual Yield | ||
| The Labor Department reports Initial jobless claims rose by 4,000 to 302,000 in the week ended August 30. Economists polled by MarketWatch expected a seasonally adjusted 300,000. Continuing claims fell by 64,000 to a seasonally adjusted 2.46 million in the week ended August 23. | |||||||
| Private-sector hiring slowed slightly in August, as employers added 204,000 jobs, according to ADP. Economists polled by Dow Jones Newswires expected 215,000. Tomorrow is the U.S. Labor Department’s employment report, which covers government and private jobs. Economists expect the government’s report to show that nonfarm employment rose by 226,000 jobs in August, compared with a July gain of 209,000. | |||||||
| The European Central Bank unexpectedly lowered all its interest rates today to fresh record lows and took its rate on bank deposits further into negative territory, in an effort to keep low inflation from undermining the Europe’s fragile recovery. The ECB’s main lending rate was lowered to 0.05% from 0.15%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-by-4000-to-302000-2014-09-04 | |||||||
| http://www.marketwatch.com/story/private-sector-adds-204000-jobs-in-august-adp-2014-09-04-8911721 | |||||||
| http://www.marketwatch.com/story/ecb-cuts-key-interest-rates-2014-09-04 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||