| The KUIK Morning Market Report for Thursday, July 30: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (92) | points | 17,659 | 7:05 AM | ||
| S&P500 | Down | -0.5% | percent | 2,098 | (10.10) | ||
| Nasdaq Composite | Down | -0.6% | percent | 5,080 | (31.99) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.95 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by 12,000 to 267,000 in the week ended July 25. That was less than expected. Economists expected an increase to 275,000. Claims fell to the lowest level since 1973 last week and have been below 300,000 since May. That’s the longest run in 15 years. Continuing jobless claims rose 46,000 to 2.26 million in the week ended July 18. | |||||||
| Chinese shares finished lower Thursday, swinging wildly in the last hour of trading, The Shanghai Composite ended down 2.2% at 3705.77, after ending a three-day losing streak yesterday. The index traded up 1.5% and down 2.7%. Earlier this week, China’s stock regulator said it would continue to support the market, though authorities don’t disclose the when and how much they have bought in stocks. Officials are investigating possible coordinated dumping of shares. Earlier this month they restricted senior executives and shareholders who own more than a 5% stake from selling for six months. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-move-up-a-bit-from-four-decade-low-2015-07-30 | |||||||
| http://www.marketwatch.com/story/asia-shares-higher-after-fed-meeting-nikkei-jumps-on-weak-yen-2015-07-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||