The KUIK Morning Market Report for Thursday, February 2:
Markets are down.
Index
Direction
Change
Units
Time
Dow
Down
(21)
points
19,869
6:54 AM
S&P500
Down
-0.1%
percent
2,276
Nasdaq Composite
Down
-0.1%
percent
5,636
30 Year Treasury
Down
(3)
Basis Points
3.05
Annual Yield
A large crowd turned out to see Groundhog Punxsutawney Phil this morning, waiting to learn whether he saw own shadow on Gobbler’s Knob. Phil was in an unusually feisty mood, but once he settled down, he did see his shadow, officials deemed.That means we’re in for six more weeks of cold weather. As the prediction was read out in in Punxsutawney Pa., a sign was held aloft reading, “We love Old Man Winter.” However other weather analysts disagree. Staten Island Chuck at 80% has the highest accuracy rating among prognosticating rodents. He informed a New York audience that we would see an early spring. And to the north in Nova Scotia, Shubenacadie Sam concurred with Chuck.
The Labor Department reports new applications for unemployment benefitslast week fell by 14,000 to 246,000. Economists expected a seasonally adjusted 254,000. Continuing claims fell by 39,000 to 2.06 million in the week ended Jan 21.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
