The KUIK Morning Market Report for Thursday, July 27:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
56
points
21,767
7:15 AM
S&P500
Up
0.1%
percent
2,481
2.71
Nasdaq Composite
Up
0.4%
percent
6,446
23.01
30 Year Treasury
Up
3
Basis Points
2.92
Annual Yield
The Labor Department reports new applications for unemployment benefits last week increased by 10,000 to a seasonally adjusted 244,000. Continuing claims fell by 13,000 to 1.96 million. They have been under 2 million for 16 straight weeks. That last happened in 1973.
The Commerce Department reports the advanced report for wholesale inventories as well as retail inventories both jumped a seasonally adjusted 0.6% in June. For wholesale inventories, both durable and nondurable goods grew by 0.6%. For retail, motor vehicle and parts dealers inventories gained 0.7% while retail without autos grew 0.6%. The Commerce Department also reported the advanced trade in goods fell 3.7% in June, to $63.9 billion. That’s the smallest deficit since December and comes as the U.S. dollar has weakened.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
