| The KUIK Morning Market Report for Thursday, June 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 127 | points | 18,062 | 6:56 AM | ||
| S&P500 | Up | 0.54% | percent | 2,112 | 11.44 | ||
| Nasdaq Composite | Up | 0.83% | percent | 5,107 | 41.98 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.12 | Annual Yield | ||
| The Labor Department reports that new claims for unemployment benefits fell by 12,000 to 267,000 in the week ended June 13, keeping initial claims near a 15-year low. Economists expected 279,000. Continuing claims fell by 50,000 to 2.22 million in the week ended June 6. | |||||||
| The Labor Department also reports the U.S. consumer price index rose a seasonally adjusted 0.4% in May to mark the biggest gain in more than two years, reflecting a spike in retail gasoline prices ahead of the summer driving season. Economists expected a 0.5% gain. Gasoline prices shot up 10.4% last month, the largest increase in six years. Food prices though, were flat. Excluding food and energy, core consumer prices rose a smaller 0.1%. Over the past 12 months the main CPI is unchanged mainly because of lower energy costs. Gas is cheaper today compared to a year ago despite the increase in May. Core prices are up 1.7%. Inflation-adjusted hourly wages fell 0.1% in May. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-12000-to-267000-in-mid-june-2015-06-18 | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-jump-04-in-may-biggest-gain-since-2013-2015-06-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||