| The KUIK Morning Market Report for Thursday, April 10: | |||||||
| Markets are down | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (11) | points | 16,427 | 7:04 AM | ||
| S&P500 | Down | -0.3% | percent | 1,867 | (4.69) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,149 | (34.97) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.56 | Annual Yield | ||
| Jobless claims have hit seven year low. The Labor Department reports that new applications for unemployment benefits fell by 32,000 to a seasonally adjusted 300,000 in the week ended April 5. That’s the lowest level since May 2007, six months before the Great Recession began and a bigger drop than economists expected. They were looking for 320,000. Initial claims are now almost 14% lower compared to one year ago and they are down 21% compared to the same week two years earlier. That is helped the market. | |||||||
| China’s March trade-account data is hurting the markets. Exports fell 6.6% from a year ago, which was better than the more-than-18% drop in February, but missing a Dow Jones-survey that expected a 4.2% gain. Imports were worse dropping 11.3% — more than the 10.1% drop in February — and trailing behind an expected 2.8% gain. The good news is that the overall account posted $7.7 billion surplus, swinging from the February deficit of $23 billion and beating the $1.75 billion forcast. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-nearly-seven-year-low-2014-04-10-81035619 | |||||||
| http://blogs.marketwatch.com/thetell/2014/04/10/china-trade-data-print-weak-but-markets-economists-shrug-it-off/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||