| The KUIK Morning Market Report for Thursday, February 6: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 112 | points | 15,553 | 6:58 AM | ||
| S&P500 | Up | 0.67% | percent | 1,763 | 11.70 | ||
| Nasdaq Composite | Up | 0.86% | percent | 4,046 | 34.63 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.66 | Annual Yield | ||
| Mixed news on the labor front. The Labor Department reported initial claims for unemployment benefits fell to a seasonally adjusted 331,000 in the weeked ended Feb. 1 down from a revised 351,000 the week before and better than the 337,000 expected by economists. Claims from two weeks ago were revised upward by 3,000. Continuing unemployment claims increased by 15,000 to a seasonally adjusted 2.96 million in the week ended Jan. 25. Continuing claims are reported with a one-week delay and reflect the number of people already receiving benefits. | |||||||
| Announced layoffs soared in January from a 13-year low in December, led by job cuts from retailers who saw weak holiday sales, according to data from outplacement firm Challenger, Gray & Christmas. Total layoffs announced last month rose to more than 45,000, up from about 31,000 in December and 40,000 in January 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-20000-to-331000-2014-02-06 | |||||||
| http://www.marketwatch.com/story/planned-layoffs-soar-in-january-challenger-2014-02-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||