| The KUIK Morning Market Report for Thursday, May 21: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (9) | points | 18,276 | 6:56 AM | ||
| S&P500 | Down | 0.0% | percent | 2,126 | (0.20) | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,071 | (0.42) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.03 | Annual Yield | ||
| The Labor Department reports the number of new applications for unemployment benefits in the week ending May 16rose by 10,000 to a seasonally adjusted 274,000, hitting the highest level in a month, but still near a 15-year low. Economists expected 269,000 up from a revised 264,000 the week before. Continuing claims fell by 12,000 to 2.2 million, the fewest number since November 2000. | |||||||
| The U.S. economy performed below trend in April but not as bad as March, according to the Chicago Fed’s national activity index. It moved up to negative 0.15 from negative 0.36 in March, and the three-month average edged up to negative 0.23 from negative 0.27. The index is a weighted average of 85 indicators of national economic activity, and when the three-month average moves below negative 0.7, there’s a good chance a recession has started. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-climb-to-4-week-high-of-274000-2015-05-21 | |||||||
| http://www.marketwatch.com/story/national-activity-index-less-negative-in-april-chicago-fed-says-2015-05-21 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||