| The KUIK Morning Market Report for Thursday, February 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 116 | points | 17,789 | 7:10 AM | ||
| S&P500 | Up | 0.7% | percent | 2,056 | 14.42 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,741 | 24.64 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.41 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose by 11,000 to a seasonally adjusted 278,000 in the week ended January 31. Claims are 15% lower now than they were in the same week a year ago. Continuing claims rose by 6,000 to a seasonally adjusted 2.4 million in the week ended January 24. | |||||||
| The U.S. trade deficit rose 17.1% in December to a two-year high according to the Commerce Department. The nation’s trade gap jumped to a seasonally adjusted $46.6 billion in December from a revised $39.8 billion in November. Economists expected the deficit to shrink to $38.7 billion. The wider deficit stemmed mainly from an increase in imports of petroleum and a decline in oil exports. | |||||||
| U.S. based employers announced plans to cut 53,041 jobs in the month of January, a rise of 63% from last month, according to outplacement firm Challenger, Gray & Christmas. Over 21,000 of those cuts were directly attributable to the recent decline in oil prices. There were 42% more layoffs in the energy industry in January than the sector cut in all of 2014. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-bounce-off-14-year-low-2015-02-05 | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-shoots-up-to-2-year-high-2015-02-05 | |||||||
| http://www.marketwatch.com/story/challenger-reports-63-rise-in-layoff-announcements-on-oil-price-collapse-2015-02-05 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||