| The KUIK Morning Market Report for Thursday, May 28: | |||||||
| Markets are down slightly | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (54) | points | 18,110 | 7:07 AM | ||
| S&P500 | Down | -0.4% | percent | 2,116 | (7.81) | ||
| Nasdaq Composite | Down | -0.4% | percent | 5,084 | (22.53) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.89 | Annual Yield | ||
| The Labor Department reports that initial claims for unemployment benefits in the week ended May 23 rose by 7,000 to a seasonally adjusted 282,000. That’s the highest level in five weeks, but still near a 15-year low. Continuing claims rose by 11,000 to 2.2 million. They touched a 15-year low earlier this month and have fallen steadily from a record 6.6 million at the end of the 2007-2009 recession. | |||||||
| The FTSE 100 index was off by 0.4% to 7,009, led by declines in the commodity and financial sectors as a reported deal between Greece and its creditors failed to materialize. The index jumped 1.2% yesterday, rising along with other European stock markets, after Greece’s Prime Minister Alexis Tsipras said debt-strapped Athens was getting close to a deal with international creditors. But other key European officials said talks were still going. International Monetary Fund Managing Director Christine Lagarde said in a TV interview that she “would not say that we already have reached substantial results,” according to a Reuters report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/layoffs-are-rare-jobless-claims-data-suggest-2015-05-28 | |||||||
| http://www.marketwatch.com/story/london-stocks-drop-as-promise-of-greece-falls-flat-2015-05-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||