| The KUIK Morning Market Report for Thursday, January 30: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 63 | points | 15,801 | 6:57 AM | ||
| S&P500 | Up | 0.70% | percent | 1,787 | 12.43 | ||
| Nasdaq Composite | Up | 1.14% | percent | 4,097 | 46.01 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.65 | Annual Yield | ||
| The Labor Department reported initial claims for unemployment benefits jumped by 19,000 to a seasonally adjusted 348,000, in the week ended January 25th. Economists polled by MarketWatch expected only 330,000. Initial claims from two weeks ago were revised up to 329,000 from an original read of 326,000. | |||||||
| The HSBC China Manufacturing Purchasing Managers’ Index fell to a final reading of 49.5 in January from 50.5 in December, according to HSBC Holdings. Readings below 50 indicate contraction. New export orders declined for the second straight month and production grew marginally. | |||||||
| The U.S. economy grew at a 3.2% annual pace in the fourth quarter, fueled by the biggest rise in consumer spending in three years and a snapback in business investment. Strong net exports also boosted growth, acccording to the Commerce Department s. Economists expected a 3.3% gain in GDP. That follows a 4.1% increase in the third quarter, marking the best back-to-back growth since the end of 2011. Consumer spending jumped 3.3%, the best performance since 2010. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-jump-19000-to-348000-2014-01-30-81034929 | |||||||
| http://www.marketwatch.com/story/china-manufacturing-pmi-falls-to-495-hsbc-2014-01-29 | |||||||
| http://www.marketwatch.com/story/us-economy-expands-32-in-fourth-quarter-2014-01-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||