| The KUIK Morning Market Report for Thursday, June 25: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 11 | points | 17,977 | 6:58 AM | ||
| S&P500 | Up | 0.1% | percent | 2,110 | 1.78 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,133 | 10.31 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.16 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by only 3,000 to 271,000 in the week ended June 20. Initial jobless claims have been under the key 300,000 level for 16 straight weeks, the longest stretch since 2001. Continuing jobless claims rose by 22,000 to 2.25 million in the week ended June 13, but they are still near a 15-year low. | |||||||
| Consumer spending surged a seasonally adjusted 0.9% in May to mark the biggest gain since 2009, according to the Commerce Department. Consumer spending for April and March was also revised upward. The personal savings rate fell to 5.1% from 5.4%. Inflation as measured by the core Personal Consumption Expenditures index that excludes food and energy edged up 0.1% in May. It rose at a 1.2% annual pace in May, down from 1.3% in April. | |||||||
| Marketwatch reports that Nike is expected to post fiscal fourth-quarter earnings of 83 cents a share, up from 78 cents a share a year ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-slightly-but-still-point-to-low-layoffs-2015-06-25 | |||||||
| http://www.marketwatch.com/story/consumers-boost-spending-by-most-in-six-years-2015-06-25 | |||||||
| http://www.marketwatch.com/story/stocks-eye-rebound-with-labor-market-data-fed-speakers-on-tap-2015-06-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||