| The KUIK Morning Market Report for Thursday, November 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 56 | points | 17,923 | 7:53 AM | ||
| S&P500 | Down | -0.5% | percent | 2,093 | (9.60) | ||
| Nasdaq Composite | Down | -0.8% | percent | 5,103 | (39.00) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.00 | Annual Yield | ||
| China shares closed in bull-market territory today, after two days of gains added to the recovery that has been under way since August. The Shanghai Composite finished up 1.8% at 3,522.82. The gains put the index up 20.3% from its close on Aug. 26, the bottom of the summer selloff. | |||||||
| Here in the US the Labor Department reports new claims for unemployment benefits for the week ending October 31 rose by 16,000 to a seasonally adjusted 276,000. The last time jobless claims were higher was at the end of August. Continuing claims rose by 17,000 to 2.16 million for the week ended October 24. Hiring in the U.S. appeared to slacken at the end of summer from a 200,000-plus monthly pace earlier in the year. The economy added just 136,000 new jobs in August and 142,000 in September. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-stocks-nearing-return-to-bull-market-territory-2015-11-05 | |||||||
| http://www.marketwatch.com/story/jobless-claims-match-highest-level-in-two-months-2015-11-05 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||