Morning Market Report 9/3/2015 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Thursday, September 3:

Markets are up.

Index	Direction	Change	Units		Time	Change
Dow	Up	78	points	16,429	7:04 AM
S&P500	Up	0.6%	percent	1,960		11.36
Nasdaq Composite	Up	0.3%	percent	4,763		13.08
30 Year Treasury	Down	(1)	Basis Points	2.95	Annual Yield

The Labor Department reports that new claims for unemployment benefits rose by 12,000 to 282,000 in the week ended August 29. Economists expected 271,000. Initial claims have been under the key 300,000 level for the past six months, the longest stretch since 2000. Continuing claims fell by 9, 000 to 2.26 million in the week ended August 22.

The U.S. trade deficit fell 7.4% in July, mainly because of lower imports such as cell phones and pharmaceuticals. Exports rose for the first time in three months. The trade deficit declined to a seasonally adjusted $41.9 billion in July from a revised $45.2 billion in June according to the Commerce Department. Economists expected $41.8 billion.

Treasury yields are down after European Central Bank President Mario Draghi told a news conference that the central bank is committed to maintaining its bond-buying program through September 2016, as scheduled, or “beyond” if necessary.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/us-jobless-claims-climb-12000-to-282000-2015-09-03
http://www.marketwatch.com/story/us-trade-deficit-falls-74-in-july-as-imports-of-cell-phones-drugs-tumble-2015-09-03
http://www.marketwatch.com/story/treasury-yields-fall-as-ecb-vows-to-continue-stimulus-2015-09-03?dist=markets


For today’s Morning Market Report click to listen->