| The KUIK Morning Market Report for Thursday, January 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 237 | points | 17,821 | 7:08 AM | ||
| S&P500 | Up | 1.3% | percent | 2,052 | 26.09 | ||
| Nasdaq Composite | Up | 1.3% | percent | 4,711 | 60.36 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.57 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell 4,000 to 294,000 in the week ended January 3. A year ago, claims were 13% higher at 333,000. However the report was weaker than expected, economists expected a drop to 290,000. Continuing claims rose by 101,000 to a seasonally adjusted 2.45 million in the week ended December 27. | |||||||
| European stocks ended up today, extending gains into a second consecutive session on the prospect of further stimulus measures from the European Central Bank. The Stoxx Europe 600 jumped 1.8% to 339.21 with all sectors moving higher. Stocks held to gains after the European Union’s statistics agency said retail sales volume rose 0.6% in the euro area in November compared with October. Analysts had expected a rise to only 0.3% | |||||||
| Gold also is seeing a slight benefit from that jobs report. February gold is up less than 0.1%, to $1,211.50 an ounce on the Comex Division of the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-stay-below-300000-in-sign-of-healthier-labor-market-2015-01-08 | |||||||
| http://www.marketwatch.com/story/european-stocks-climb-fueled-by-qe-expectations-2015-01-08?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-dips-as-us-stock-futures-rally-2015-01-08 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||