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The KUIK Morning Market Report for Thursday, February 15: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
218 |
points |
25,112 |
7:09 AM |
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S&P500 |
Up |
0.6% |
percent |
2,715 |
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Nasdaq Composite |
Up |
0.8% |
percent |
7,203 |
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30 Year Treasury |
Down |
(3) |
Basis Points |
3.15 |
Annual Yield |
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Amazon.com has taken over from Microsoft as the third-largest U.S. company by market capitalization for the first time. Amazon’s stock surged 2.6% to a record close of $1,451.05, lifting its market value by$702.46 billion while Microsoft shares climbed 1.6% taking its market cap to $699.22 billion. Still ahead are #1 Apple at $849 billion, and #2 Alphabet, parent of Google at $745 billion. |
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The Labor Department reports initial claims for unemployment benefits rose by 7,000 to 230,00 the week ended February 10. That matched expectations. Continuing claims increased by 15,000 to 1.94 million the week before. |
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The Philadelphia Fed manufacturing index rose to 25.8 in February from 22.2 in January. Economists expected a slight drop to 21. New-orders rose signalling faster growth in the future. But shipments fell, and prices paid hits its highest reading since May 2011. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/amazon-passes-microsoft-to-become-the-3rd-largest-us-company-2018-02-14 |
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www.marketwatch.com/story/jobless-claims-edge-up-7000-to-230000-2018-02-15 |
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For today’s Morning Market Report click to listen-> |
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