| The KUIK Morning Market Report for Thursday, September 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 66 | points | 17,222 | 7:04 AM | ||
| S&P500 | Up | 0.4% | percent | 2,009 | 7.53 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,585 | 23.30 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.36 | Annual Yield | ||
| The Labor Department reports the number of new applications for unemployment benefits fell 36,000 to 280,000 in the week ended September 13, hitting the lowest level since mid-July, and that is the lowest reading since May 2000. Economists expected 305,000. Continuing claims fell 63,000 to 2.43 million in the week that ended September 6, the lowest tally since May 2007. | |||||||
| Construction starts on new U.S. homes fell last month, pulling back after a recent surge, showing shakiness in the housing market’s recovery. The Commerce Department reported housing starts fell 14.4% to 956,000 in August down from 1.12 million in July, which was the fastest pace since late 2007. | |||||||
| December gold is off 1.4%, to $1,218.10 an ounce and December silver is off 2% to $18.36 an ounce. Gold is at its lowest level since January, leading a broad decline in precious metals group after the Federal Reserve yesterday said it will move slowly to raise interest rates. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/weekly-jobless-claims-fall-sharply-to-lowest-since-july-2014-09-18 | |||||||
| http://www.marketwatch.com/story/housing-starts-tumble-in-august-signal-shaky-recovery-2014-09-18 | |||||||
| http://www.marketwatch.com/story/metals-hammered-as-scots-head-to-polls-2014-09-18?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||