| The KUIK Morning Market Report for Thursday, March 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (78) | points | 17,998 | 6:57 AM | ||
| S&P500 | Down | -0.3% | percent | 2,092 | (7.03) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,989 | 6.34 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.52 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits rose by 1,000 to 291,000 in the week ended March 14. Economists expected a seasonally adjusted 290,000. Continuing claims fell by 11,000 to a seasonally adjusted 2.42 million in the week ended March 7. | |||||||
| May crude is off 3.2% to $45.12 a barrel on the New York Merc. Renewed pressure was seen as Ali al-Omair, the Kuwaiti oil minister said OPEC had no choice but to maintain production levels because they don’t want to lose their share of the market. The oil glut continues to weigh on prices. The U.S. Energy Information Administration said U.S. oil stockpiles rose more than expected, by 9.6 million barrels to 458.5 million barrels last week. In a report, Société Générale said For the U.S. as a whole, crude storage capacity is only 63% full, with 192 million barrels of space remaining,” Adding that there is more storage space remaining in caverns and tanks than was previously thought. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-barely-changed-at-291000-2015-03-19 | |||||||
| http://www.marketwatch.com/story/oil-futures-give-up-gains-as-oversupply-fears-resurface-2015-03-19-21033536?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||