| The KUIK Morning Market Report for Thursday, September 24: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (183) | points | 16,097 | 6:42 AM | ||
| S&P500 | Down | -1.0% | percent | 1,920 | (18.51) | ||
| Nasdaq Composite | Down | -1.0% | percent | 4,706 | (46.42) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.88 | Annual Yield | ||
| New applications for unemployment benefits increasedby 3,000 to 267,000 in the week ended September 19 according to the Labor Department. Economists expected a rise to 275,000. Claims had fallen by 17,000 in the prior two weeks. Continuing jobless claims fell by 1,000 to 2.24 million in the week ended Sept. 12. | |||||||
| The Commerce Department reports orders for durable goods fell a seasonally adjusted 2% in August , mostly because of lower bookings for autos and airplanes. That matched expectations. Orders minus transportation were flat. And orders for core capital goods – a proxy for business investment fell 0.2%. Shipments also fell 0.2% . | |||||||
| Caterpillar shares fell 6% in premarket trading today, after the company announced a restructuring program that will eliminate 10,000 jobs by the end of 2018. The company is aiming to save $1.5 billion annually through measures that include layoffs of 4,000 to 5,000 people by the end of 2016 and plant closures. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-rise-3000-to-267000-2015-09-24-8913652?dist=beforebell | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-drop-2-in-august-2015-09-24?dist=beforebell | |||||||
| http://www.marketwatch.com/story/caterpillar-to-shed-10000-jobs-by-end-2018-in-restructuring-2015-09-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||