| The KUIK Morning Market Report for Thursday, October 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 55 | points | 16,976 | 6:56 AM | ||
| S&P500 | Up | 0.3% | percent | 2,001 | 6.63 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,812 | 28.80 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.85 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits for the week ended October 10 fell by 7,000 to a seasonally adjusted 255,000. Continuing claims fell by 50,000 to 2.16 million for the week ended October 3. That is the lowest level in 15 years. | |||||||
| Business activity in the New York region fell for the third straight month in October, accordingto the New York Fed . The Empire State manufacturing index for October inched up to negative 11.4 from September’s negative 14.7 but below economists’ expectations of negative 8.3. This is the first time since 2009 that the index has been below negative 10 for three straight months. New orders, shipments and unfilled orders all faster than last month. Labor conditions worsened and the prices-paid index fell to the lowest level since 2009. Optimism about the future remains weak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-match-42-year-low-2015-10-15 | |||||||
| http://www.marketwatch.com/story/empire-state-factory-gauge-remains-negative-for-third-month-in-october-2015-10-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||