| The KUIK Morning Market Report for Thursday, February 12: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 62 | points | 17,924 | 7:00 AM | ||
| S&P500 | Up | 0.6% | percent | 2,081 | 12.62 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,835 | 34.14 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 2.57 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits jumped by 25,000 to 304,000 in the first week of February, topping 300,000 for the fourth time in six weeks. Economists expected only a seasonally adjusted 296,000. Continuing claims fell by 51,000 to a seasonally adjusted 2.35 million in the week ended January 31. | |||||||
| The Commerce Department reports retail sales fell in January for the second month in a row as drivers spent less on gasoline, but consumers still aren’t splurging despite a pickup in hiring. Retail sales fell by a seasonally adjusted 0.8% last month after an unrevised 0.9% drop in December. Economists expected a 0.6% decrease. Sales at gas stations fell 9.3%, the biggest pullback since 2008. Excluding gas stations, overall retail spending was flat. Sales rose for Internet stores and restaurants, but fell for auto dealers, home-furnishings, grocery chains, department stores, apparel, and sporting goods. Sales minus autos fell 0.9% in January, and leaving out autos and gasoline rose 0.2%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-climb-25000-to-304000-in-early-february-2015-02-12 | |||||||
| http://www.marketwatch.com/story/retail-sales-drop-08-january-flat-excluding-gas-2015-02-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||