| The KUIK Morning Market Report for Thursday, July 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 198 | points | 17,714 | 7:00 AM | ||
| S&P500 | Up | 1.1% | percent | 2,070 | 23.07 | ||
| Nasdaq Composite | Up | 1.3% | percent | 4,971 | 61.68 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 3.06 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits climbed by 15,000 to a seasonally adjusted 297,000 in the week ended July 4. Unadjusted claims more than doubled in Michigan and rose by 50% in Ohio mostly due to annual shutdowns at auto plants for retooling. Continuing claims rose by 69,000 to 2.33 million in the week ended June 27. | |||||||
| The problems in Greece and the meltdown in the Chinese stock market have not changed the broad outlook of moderate growth for the global economy in 2015, according to the International Monetary Fund . The IMF trimmed its outlook for global growth by two-tenths, to 3.3%, slightly slower than 2014’s 3.4%. Most of the decline was due to slower growth in the first quarter in North America, which led the IMF to downgrade its outlook for U.S. economic growth by six-tenths to 2.5%, just above last year’s 2.4% . The first-quarter weakness is expected to be only a “temporary setback” and the recovery in Europe is mostly on track. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-jump-to-297000-highest-since-february-2015-07-09 | |||||||
| http://www.marketwatch.com/story/imf-trims-us-forecast-as-it-says-world-to-weather-greece-china-2015-07-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||