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The KUIK Morning Market Report for Thursday, February 8: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(161) |
points |
24,732 |
7:01 AM |
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S&P500 |
Down |
-0.4% |
percent |
2,670 |
(1.99) |
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Nasdaq Composite |
Down |
-0.4% |
percent |
7,025 |
(2.34) |
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30 Year Treasury |
Up |
4 |
Basis Points |
3.16 |
Annual Yield |
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The federal government had a budget surplus of $51 billion in January, slightly smaller than January 2017, according to the Congressional Budget Office. For the first four months of fiscal 2018, the shortfall is $174 billion, up $16 billion from the same period a year ago. The governement’s Fiscal year starts in October and year to date, receipts are up by 4% but spending is up 5%. Department of Homeland Security outlays have risen 67%, or $12 billion, for the fiscal year due to disaster relief. |
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The Labor Department Reports new claims for unemployment benefitsfell by 9,000 to 221,000 the week ended February 3. Economists expected 235,000. Continuing claims fell by 33,000 to 1.92 million the week before. The economy added 200,000 new jobs in January and the unemployment rate stayed at a 17-year low of 4.1% while hourly pay rose at a nine-year high of 2.9%. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/us-runs-51-billion-budget-surplus-in-january-cbo-estimates-2018-02-07 |
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www.marketwatch.com/story/jobless-claims-drop-9000-to-221000-remain-near-45-year-low-2018-02-08 |
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For today’s Morning Market Report click to listen-> |
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