| The KUIK Morning Market Report for Thursday, October 31: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (39) | points | 15,580 | 6:57 AM | ||
| S&P500 | Down | -0.24% | percent | 1,759 | (4.25) | ||
| Nasdaq Composite | Down | -0.38% | percent | 3,916 | (14.90) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.63 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 10,000 to a seasonally adjusted 340,000 in the week ended Oct. 26. Economists polled by MarketWatch expected a rop to 337,000 from an unrevised 350,000 the week before. Claims are eleveated because computer problems in California suspended thousands of applications over the past two months. | |||||||
| The Chicago purchasing managers index unexpected rose to 65.9% in October, to mark the best performance since March 2011. Economists expected a drop to 54.5% from 55.7% in September. A reading above 50 indicates expansion. The details were also strong. The production, new orders and order backlog indexes posted double-digit gains. Companies were unaffected by the government shutdown, according to the release. The gain in the index is the biggest in 30 years. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-drop-10000-to-340000-2013-10-31-81035726 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-jumps-to-659-in-october-2013-10-31 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||