| The KUIK Morning Market Report for Thursday, October 8: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (19) | points | 16,892 | 7:03 AM | ||
| S&P500 | Down | -0.2% | percent | 1,992 | (4.02) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,769 | (21.88) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.89 | Annual Yield | ||
| The Labor Department reports that new applications for unemployment benefits fell by 13,000 to 263,000 in the week ended October 3, hitting the lowest level since mid-July. The low number of people applying for unemployment benefits suggests the U.S. labor market is still fairly healthy despite a slowdown in hiring in August and September. Continuing claims increased by 9,000 to 2.2 million for the week ended September 26. | |||||||
| Growth is set to slow in the world’s three largest economies, according to leading indicators released today by the Organization for Economic Cooperation and Development. The Paris-based research body said its gauges of future economic activity based on information available for August point to slowdowns in the U.S., China and Japan, as well as the U.K. and Canada. Their indicators suggest the European economy will avoid a slowdown, and signal a pickup in France and Italy, both of which have lagged behind other members of the EU. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-263000-lowest-since-july-2015-10-08 | |||||||
| http://www.marketwatch.com/story/oecd-growth-in-us-china-japan-to-slow-2015-10-08 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||