| The KUIK Morning Market Report for Thursday, June 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 87 | points | 18,089 | 6:54 AM | ||
| S&P500 | Up | 0.4% | percent | 2,113 | 8.14 | ||
| Nasdaq Composite | Up | 0.4% | percent | 5,098 | 21.18 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.17 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits edged up by 2,000 to 279,000 in the week ended June 6. Economists expected 275,000. Continuing claims increased by 61,000 to 2.27 million. | |||||||
| The Commerce Department reports retail sales climbed a seasonally adjusted 1.2% in May. Auto dealers and gasoline stations posted the strongest sales with auto sales up 2% and gasoline stations up 3.7% on higher fuel prices, but most major retail segments saw healthy gains. Excluding autos and gas retail sales rose 0.7%. | |||||||
| The prices the U.S. paid for imported goods surged a seasonally adjusted 1.3% in May, because of a sharp increase in fuel costs according to the Labor Department. It was the first increase in 11 months and the largest in more than three years. Fuel imports jumped 11.8%, the biggest increase since mid-2009, although oil is far less expensive compared to one year ago. Excluding fuel, import prices were unchanged. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-inch-up-to-279000-in-first-week-of-june-2015-06-11 | |||||||
| http://www.marketwatch.com/story/retail-sales-surge-in-may-point-to-revived-us-growth-2015-06-11 | |||||||
| http://www.marketwatch.com/story/us-import-prices-surge-13-in-may-flat-minus-fuel-2015-06-11 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||