| The KUIK Morning Market Report for Thursday, October 30: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 50 | points | 17,025 | 7:00 AM | ||
| S&P500 | Down | -0.4% | percent | 1,975 | (7.00) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,525 | (24.30) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.02 | Annual Yield | ||
| The Labor Department reports new applications for unemployment rose by 3,000 to 287,000 in the week ended October 25. Economists expected a drop to a seasonally adjusted 281,000. Claims have been under 300,000 for seven straight weeks. Continuing claims increased by 29,000 to a seasonally adjusted 2.38 million in the week ended October 18. | |||||||
| The U.S. economy grew at a 3.5% annual rate in the third quarter, fueled by a surge in exports and the biggest jump in federal spending in five years. Growth slowed from a 4.6% pace in the Spring. Trade was the biggest contributor in the third quarter as exports surged 7.8% while imports dropped 1.7%. Exports helped a 4.2% gain in final sales of U.S. produced goods and services, the biggest increase since 2006. Government spending also helped, Federal outlays surged 10%, reflecting a 16% boost in defense spending. Outside of defense federal spending rose a scant 0.5%. State and local governments also increased spending 1.3%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-by-3000-to-287000-2014-10-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||