| The KUIK Morning Market Report for Thursday, January 9: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 15 | points | 16,478 | 6:55 AM | ||
| S&P500 | Up | 0.21% | percent | 1,841 | 3.82 | ||
| Nasdaq Composite | Up | 0.27% | percent | 4,177 | 11.10 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.88 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits fell by 15,000 to 330,000 in the week ended Jan. 4,meeting expectations, and bringing initial claims down to their lowest level since the end of November. Continuing claims increased by 50,000 to a seasonally adjusted 2.87 million in the week ended Dec. 28. | |||||||
| Announced job cuts fell to the lowest level of the year in December, falling 32% to 30,623, according to outplacement firm Challenger, Gray & Christmas. The December total was down 6% from December 2012. For the year, there were just over 509,000 planned job cuts, down 3% from 2012 | |||||||
| The euro turned lower and European stocks rose a bit today after European Central Bank President Mario Draghi said inflation could remain very low for a long time, which means the ECB will maintain its “accommodative” stance on monetary policy. | |||||||
| 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-15000-to-330000-2014-01-09 | |||||||
| http://www.marketwatch.com/story/planned-layoffs-down-32-in-december-challenger-2014-01-09 | |||||||
| http://www.marketwatch.com/story/euro-turns-lower-europe-stocks-rise-on-draghi-2014-01-09?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||