| The KUIK Morning Market Report for Thursday, April 16: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (36) | points | 18,076 | 7:00 AM | ||
| S&P500 | Down | -0.2% | percent | 2,102 | (4.83) | ||
| Nasdaq Composite | Down | -0.2% | percent | 5,003 | (7.55) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.54 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose to 294,000 in the week ended April 11 up from a revised 282,000 last week. Economists expected only 281,000. Continuing claims fell by 40,000 to 2.27 million in the week ended April 4, lowest level since December 2000. | |||||||
| Construction started on new U.S. homes rose 2% in March, hitting an annual rate 926,000, following a big drop in February. Economists expected 1.04 million units. The starts rate is down 2.5% from the a year ago and below the average of 1.5 million over the 20 years leading up to the 2008 peak in the housing bubble. | |||||||
| Greek government bonds fell, shaken by another downgrade and expectations that the country will be forced into a default. By late morning, yields on the country’s two-year bonds had soared close to 4 percentage points on the day to more than 27% — their highest since being issued and a bige move even for notoriously volatile Greek debt. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-hit-highest-level-in-six-weeks-2015-04-16 | |||||||
| http://www.marketwatch.com/story/housing-starts-thaw-in-march-after-february-freeze-2015-04-16 | |||||||
| http://www.marketwatch.com/story/greek-government-bonds-plunge-as-default-fears-grow-2015-04-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||