The KUIK Morning Market Report for Thursday, April 13:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
1
points
20,594
6:57 AM
S&P500
Up
0.0%
percent
2,346
0.82
Nasdaq Composite
Up
0.2%
percent
5,847
10.49
30 Year Treasury
Down
(2)
Basis Points
2.91
Annual Yield
The Labor Department reports new applications for unemployment benefits were nearly unchanged at 234,000 last week. Economists expected 245,000. New applications have been below 300,000 for 110 straight weeks. The U.S. added 98,000 new jobs last month after 200,000-plus gains in both January and February. Continuing fell by 7,000 to 2.03 million.
The producer price index fell 0.1% in March for the first decline since August. Economists expected no change. The drop was due to lower costs for services and cheaper fuel. But over the past 12 months wholesale costs have risen 2.3%, the biggest increase in five years.
In an interview with the Wall Street Journal yesterday President Trump said the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Financial markets will be closed tomorrow in observance of Good Friday, but it is not a federal holiday.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
