| The KUIK Morning Market Report for Thursday, August 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 173 | points | 16,465 | 7:07 AM | ||
| S&P500 | Up | 1.1% | percent | 1,961 | 20.54 | ||
| Nasdaq Composite | Up | 1.1% | percent | 4,747 | 49.68 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.93 | Annual Yield | ||
| The Shanghai Composite Index ended up 5.3% at 3,083.59, carried by a late-afternoon surge, after crashing to a 23% loss over the past five sessions. The start of a global recovery Wednesday picked up pace in Asia after reassuring comments from central bankers and positive U.S. economic data. U.S. stocks snapped a six-day losing streak fueled by worries that a slowing Chinese economy would weigh on the rest of the world. In that time, more than $2 trillion in market capitalization was wiped out from U.S. stocks. | |||||||
| The Stoxx Europe 600 S rose 2.9% to 360.24 as all sectors advanced. Oil and gas led the gains as oil prices jumped more than 4%, partially because of a drop in weekly U.S. oil inventories. | |||||||
| The Labor Department reports new applications for U.S. unemployment benefits fell by 6,000 to 271,000 in the week ended August 22. Continuing claims increased by 13,000 to 2.27 million in the week ended August 15. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/asian-markets-rebound-boosted-by-central-banks-us-data-2015-08-27 | |||||||
| http://www.marketwatch.com/story/european-stocks-bounce-up-tracking-rallies-in-asia-us-2015-08-27 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-6000-to-271000-2015-08-27-8913022 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||