| The KUIK Morning Market Report for Thursday, October 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (40) | points | 16,245 | 6:59 AM | ||
| S&P500 | Down | -0.3% | percent | 1,914 | (6.27) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,585 | (34.95) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.83 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits rose by 10,000 to 277,000 in the week ended September 26, which means continued improvement of the labor market. Economists expected 270,000. Continuing claims fell by 53,000 to 2.19 million in the week ended September 19, lowest level since November 2000. | |||||||
| The House of Representatives passed a bill yesterday 277 to 151 to keep the federal government operating through Dececember 11. It was passed earlier by the Senate and now goes to President Obama for signature. Without the stopgap bill the government would have shut down today, which is the first day of the new fiscal year. The bill includes funding for Planned Parenthood, over the objections of conservatives. The White House and Republicans are now negotiating a longer budget deal. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-climb-10000-to-277000-2015-10-01 | |||||||
| http://www.marketwatch.com/story/house-passes-bill-that-will-keep-federal-government-open-2015-09-30-1691596 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||