| The KUIK Morning Market Report for Thursday, May 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (37) | points | 17,808 | 7:01 AM | ||
| S&P500 | Down | -0.1% | percent | 2,077 | (3.01) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,916 | (3.95) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 2.93 | Annual Yield | ||
| The number of new applications for unemployment benefits remains near a 15-year low, rising only 3,000 to 265,000 in the week ended May 2. Economists expected a seasonally adjusted 277,000 from 262,000 the week before. Continuing claims fell by 28,000 to 2.23 million to the lowest level since November 2000. | |||||||
| Charles Evans president of the Chicago Fed says Investors should get used to the Federal Reserve discussing market stability. In an interview on CNBC he said “Many analysts have argued that the Fed’s zero-interest-rate policy has fostered instability, so it’s ‘incumbent’ on the U.S. central bank to address instability risks.” Yesterday, Fed Chairman Janet Yellen said stocks were quite high and could pose stability problems. Evans also remarked that stock valuations are high, but added that it was not his expertise to judge whether it was too high. He said Yellen’s larger message was that financial stability risks were moderate. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-to-265000-but-still-near-15-year-low-2015-05-07 | |||||||
| http://www.marketwatch.com/story/feds-evans-get-used-to-fed-warning-about-financial-markets-2015-05-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||