| The KUIK Morning Market Report for Thursday, September 12: | |||||||
| Markets are down slightly this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (11) | points | 15,320 | 6:39 AM | ||
| S&P500 | Down | -0.13% | percent | 1,687 | (2.22) | ||
| Nasdaq Composite | Down | -0.15% | percent | 3,719 | (5.57) | ||
| 30 Year Treasury | Down | (7) | Basis Points | 3.82 | Annual Yield | ||
| The Labor Department reported Initial claims for unemployment insurance dropped by 31,000 to a seasonally adjusted 292,000 in the week ended Sept. 7. That was the first drop below 300,000 since 2006. However two states made changes to their computer systems that resulted in some claims not being processed in time and the Labor Day holiday may have artificially lowered the number of claims. | |||||||
| Global oil demand is expected to grow by 1.1 million barrels a day, or 1.2%, next year to 92 million barrels a day, “as the underlying economic situation continues to improve,” according to the International Energy Agency in its monthly oil market report. October crude is up 0.8%, to $108.39 a barrel on the New York Merc. | |||||||
| Gold is under pressure from reduced expectations for a strike on Syria, as well as from investors betting on a tapering of stimulus measures at the Federal Open Market Committee meeting next week. December gold tumbled 2.1%, to $1,334.80 an ounce, with December silver dropping 2.9%, to $22.49 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-below-300000-but-delays-cited-2013-09-12 | |||||||
| http://www.marketwatch.com/story/oil-holds-ground-as-saudis-set-to-support-output-2013-09-12 | |||||||
| http://www.marketwatch.com/story/gold-feels-punishing-selling-pressure-2013-09-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||