The KUIK Morning Market Report for Thursday, May 25:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
68
points
21,081
7:11 AM
S&P500
Up
0.4%
percent
2,413
8.65
Nasdaq Composite
Up
0.5%
percent
6,192
28.50
30 Year Treasury
Unchanged
–
Basis Points
2.93
Annual Yield
The trade gap in physical goodswidened to $67.6 billion in April from $65.1 billion in March, according to Commerce Department’s advanced report. The full report will be released on June 2. Economists expected a deficit of $64 billion in April. Exports fell and imports expanded. The government reported last month that the overall U.S. trade deficit in March totaled $43.7 billion. Wholesale and retail inventories both fell 0.3% in April. Falling inventories was a drag on the first quarter. The economy grew at only a 0.7% annual rate in the first three months of the year, the slowest pace in three years.
The Labor Department reported initial jobless claims rose by 1,000 to 234,000 last week. Continuing claims rose by 24,000 to 1.92 million. They’ve been under 2 million for six straight weeks.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
