| The KUIK Morning Market Report for Thursday, June 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (25) | points | 16,819 | 7:03 AM | ||
| S&P500 | Down | -0.2% | percent | 1,941 | (3.16) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,325 | (7.41) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.47 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits last week rose slightly by 4,000 to 317,000, indicating a steadily improving U.S. labor market. Economists surveyed by MarketWatch expected a seasonally adjusted 310,000 . The government said continuing claims increased by 11,000 to a seasonally adjusted 2.61 million in the week ended May 31. | |||||||
| The Commerce Department reported retail sales rose 0.3% in May, led by higher demand for cars and trucks and a big bump in business at home-improvement stores, The increase was smaller than the 0.7% forecast , but the government also revised upward sales in April to a0.5% gain instead of teh originally reported 0.1% increase. Auto sales jumped 1.4% in May and building materials climbed 1.1%. . Sales fell at groceries, bars and restaurants, clothing outlets, electronic and appliance sellers, department stores and companies that sell sporting goods and hobby items.But Sales at most of those stores had risen in April. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-rise-by-4000-to-317000-2014-06-12 | |||||||
| http://www.marketwatch.com/story/retail-sales-rise-03-in-may-after-05-gain-in-april-2014-06-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||