| The KUIK Morning Market Report for Thursday, October 29: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (37) | points | 17,743 | 7:00 AM | ||
| S&P500 | Down | -0.3% | percent | 2,085 | (5.42) | ||
| Nasdaq Composite | Down | -0.5% | percent | 5,070 | (25.31) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.91 | Annual Yield | ||
| The Commerce Department reports new applications for unemployment benefits for the week ended October 24 edged up by 1,000 to a seasonally adjusted 260,000. Continuing claims fell by 37,000 to 2.14 million in the week ended October 17. | |||||||
| The Commerce Department also reported the nation’s gross domestic product rose at a 1.5% annual pace from July through September. The U.S. grew at 3.9% annual rate in the second quarter. The slowdown stemmed mostly from the smallest increase in inventories in a year and a half. Business investment in equipment rose 5.3% in the third quarter, more than offsetting a 4% drop in spending on structures such as oil platforms or commercial buldings. Consumers spent at steady clip, a sign they are not as worried. Consumer spending rose at a 3.2% annual pace. The steady pace of spending is likely to extend into the fourth quarter, helped by cheaper gas prices, rising inflation-adjusted incomes and a big burst in hiring over the past several years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-stick-near-1970s-era-lows-2015-10-29 | |||||||
| http://www.marketwatch.com/story/third-quarter-gdp-lands-with-thud-just-15-growth-2015-10-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||