| The KUIK Morning Market Report for Thursday, May 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 116 | points | 18,179 | 6:56 AM | ||
| S&P500 | Up | 0.6% | percent | 2,110 | 11.51 | ||
| Nasdaq Composite | Up | 0.5% | percent | 5,008 | 26.58 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.06 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits fell by by 1,000 to 264,000. Layoffs are at a 15-year low even though hiring has slowed a bit since the end of 2014. Economists expected claims to rise to a seasonally adjusted 275,000 in the week ended May 9 from an unrevised 265,000 in the week before. New claims have been less than 270,000 for three straight weeks, only the second time that’s happened since 1975. The last time was in the spring of 2000 at the end of the Internet boom. Continuing claims were unchanged at 2.23 million in the week ended May 2. | |||||||
| The Labor Department also reprorts producer prices fell a seasonally adjusted 0.4% in April to mark the seventh decline in the last nine months, mainly because of lower costs of gasoline and food. Economists expected no change following a 0.2% increase in March. The price of goods fell 0.7% in April while services fell 0.1%. Core producer prices that exclude the volatile categories of food, energy and trade, rose 0.1% last month, led by an increase in the cost of drugs. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-dip-to-264000-remain-at-15-year-low-2015-05-14 | |||||||
| http://www.marketwatch.com/story/producer-prices-drop-04-in-april-on-lower-energy-food-costs-2015-05-14 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||