The KUIK Morning Market Report for Thursday, April 27:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
7
points
20,982
7:09 AM
S&P500
Up
0.1%
percent
2,389
1.83
Nasdaq Composite
Up
0.3%
percent
6,043
18.03
30 Year Treasury
Up
1
Basis Points
2.98
Annual Yield
The Labor Department reports that Initial claims for unemployment benefits jumped by 14,000 to a one-month high of 257,000. Economists expected a seasonally adjusted 245,000 the week ending April 22. New applications have been under 300,000 for 112 straight weeks. Continuing claims rose by 10,000 to 1.99 million the week before.
The Commerce Department reports new orders for durable goods rose 0.7% in March for the third straight monthly gain. That was below Wall Street expectations though. Economists expected a 1.4% increase.The gain was driven new orders for fighter planes which were up 26%, and passenger aircraft up by 0.7%.
The Commerce Department also report the US trade gap in physical goods widened to $64.8 billion in March up from $63.9 billion in February. The total U.S. trade deficit that includes services for February narrowed to $43.6 billion from $48.2 billion.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
