| The KUIK Morning Market Report for Thursday, October 2: | |||||||
| Markets are mixed after yesterday’s big selloff. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (31) | points | 16,774 | 7:06 AM | ||
| S&P500 | Down | -0.1% | percent | 1,944 | (1.99) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,422 | (0.42) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.14 | Annual Yield | ||
| The Labor Department reports the number of people applying for new unemployment benefits fell by 8,000 to 287,000 in the week ended September 27. Initial jobless claims have been below the key 300,000 mark for three straight weeks. Economists polled by MarketWatch expected a rise to a seasonally adjusted 298,000. Continuing claims decreased by 45,000 to a seasonally adjusted 2.39 million in the week ended Sept 20, smallest number since June 2006. | |||||||
| The European Central Bank said it will hold its main lending rate at 0.05%, and the rate on overnight deposits was held at -0.2%. ECB President Mario Draghi, at his monthly news conference, said the bank’s upcoming program of asset-backed purchases will last at least two years and that targeted long-term refinancing operations will have a “sizable” impact on the bank’s balance sheet. | |||||||
| Crude Oil is down on news that Saudi Arabia cut its selling price, spooking the energy markets. November crude is off 1.3%, to $89.56, On the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/initial-us-jobless-claims-drop-8000-to-287000-2014-10-02 | |||||||
| http://www.marketwatch.com/story/european-stocks-fall-ecb-stimulus-details-on-tap-2014-10-02 | |||||||
| http://www.marketwatch.com/column/futures-movers | |||||||
| For today’s Morning Market Report click to listen-> | |||||||