| The KUIK Morning Market Report for Thursday, April 23: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (52) | points | 17,985 | 6:43 AM | ||
| S&P500 | Down | -0.1% | percent | 2,105 | (2.92) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,029 | (5.99) | ||
| 30 Year Treasury | Up | 7 | Basis Points | 2.66 | Annual Yield | ||
| The Labor Department reports that new applications for unemployment benefits ticked up 1,000 to 295,000 in the week that ended April 18. Economists expected a drop to 288,000 from 294,000 last week. Continuing claims rose 50,000 to 2.33 million in the week ended April 11. | |||||||
| Citigroup warns that instead of a Grexit–Greece leaving the Eurozone, Greece could fall into financial limbo — a “Grimbo” — if Athens is unable to get more money from its international lenders and the reform negotiations stay deadlocked. | |||||||
| A preliminary reading of Chinese manufacturing activity came in at 49.2 in April, compared with a final reading of 49.6 in March, according to HSBC. Signs of weakness in the economy add to hopes that Beijing will take further stimulus measures. The Shanghai Composite Index was up 0.4% to 4,414.51, bringing its month-to-date gain to 18%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-inch-up-1000-to-295000-2015-04-23-8913010 | |||||||
| http://www.marketwatch.com/story/greece-crisis-instead-of-grexit-worry-about-grimbo-2015-04-23 | |||||||
| http://www.marketwatch.com/story/hong-kong-stocks-slip-after-soft-china-data-2015-04-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||