| The KUIK Morning Market Report for Thursday, August 20: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (203) | points | 17,147 | 7:02 AM | ||
| S&P500 | Down | -1.0% | percent | 2,059 | (20.82) | ||
| Nasdaq Composite | Down | -1.2% | percent | 4,961 | (57.75) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.78 | Annual Yield | ||
| The Labor Department reports that new appplications for unemployment benefits rose for the fourth straight week by 4,000 to a seasonally adjusted 277,000 in the week ended August 15. Economists expected 271,000. Initial claims have been below the key 300,000 level for 24 weeks, the longest stretch in more than 15 years. Continuging claims were down 24,000 to 2.25 million in the week ended August 8. | |||||||
| According to data compiled by S&P Dow Jones Indices for MarketWatch, S&P 500 companies generated only 52.2% of their revenue in the U.S. in 2014, down from 53.7% in 2013. | |||||||
| Most Federal Reserve officials thought economic conditions needed for an interest-rate hike were “approaching,” according to minutes from the July meeting Federal Open Market Committe released yesterday that suggest that a September increase in rates is a possibility. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-fourth-straight-week-to-277000-2015-08-20 | |||||||
| http://www.marketwatch.com/story/sp-500-companies-generate-barely-over-half-their-revenue-at-home-2015-08-19 | |||||||
| http://www.marketwatch.com/story/fed-majority-says-time-for-rate-hike-approaching-minutes-show-2015-08-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||