| The KUIK Morning Market Report for Thursday, August 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 33 | points | 14,857 | 6:58 AM | ||
| S&P500 | Up | 0.26% | percent | 1,639 | 4.22 | ||
| Nasdaq Composite | Up | 0.62% | percent | 3,616 | 22.25 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.77 | Annual Yield | ||
| The Commerce Department reports gross domestic product rose at a 2.5% annual rate in the April-to-June period, better than the initial reading of 1.7% and faster than the first quarters 1.1%. However few analysts expect growth to accelerate in the second half of the year in light of reduced government spending, slow wage growth and a sluggish global economy. Economists expect the U.S. to grow 2.4% in the third and 2.8% in the fourth quarter. | |||||||
| The number of people applying for new unemployment-insurance benefits fell by 6,000 to 331,000 in the week that ended Aug. 24, according to the Department of Labor. Economists surveyed by MarketWatch expected 330,000. Despite steady job growth since 2010, the economy is still down two million jobs from the start of the Great Recession and recent trends show hiring is slowing. In the second quarter, the economy added an average of 175,000 jobs per month, down from an average of 205,000 at the beginning of the year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-second-quarter-growth-boosted-to-25-2013-08-29 | |||||||
| http://www.marketwatch.com/story/jobless-claims-trend-stays-near-six-year-low-2013-08-29 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||