| The KUIK Morning Market Report for Thursday, August 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (68) | points | 17,473 | 6:53 AM | ||
| S&P500 | Down | -0.3% | percent | 2,094 | (5.38) | ||
| Nasdaq Composite | Down | -0.4% | percent | 5,122 | (18.01) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.92 | Annual Yield | ||
| The Labor Department reports new application for unemployment benefits for the week ended August 1 rose for the second straight week up 3,000 to 270,000. That matched the forecast of economists. New claims had fallen to a 42-year low in mid-July. Continuing claims fell by 14,000 to 2.26 million in the week ended July 25. | |||||||
| Oil prices traded near multi-month lows today as persistent oversupply spooks the market. Steady US.output, high production from other major suppliers, and worries about China’s economy have soured investor sentiment in recent weeks. September crude is off 1.2% to $44.71 a barrel on the New York Merc. | |||||||
| The Shanghai Composite ended 0.9% lower at 3661.54 and the smaller Shenzhen Composite ended down 0.7% to 2113.65 as investors question regulators’ commitment to support mainland stocks. China’s main stock index is 29% off its mid-June peak and has fallen 11% since July 23. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-for-second-straight-week-to-270000-2015-08-06 | |||||||
| http://www.marketwatch.com/story/crude-oil-slides-below-45-as-oversupply-fears-persist-2015-08-06 | |||||||
| http://www.marketwatch.com/story/china-stocks-nudge-down-on-worries-about-beijing-support-2015-08-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||