| The KUIK Morning Market Report for Thursday, July 24: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 6 | points | 17,093 | 7:11 AM | ||
| S&P500 | Up | 0.0% | percent | 1,987 | 0.47 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,470 | (3.65) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.30 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 19,000 to 284,00 in th week end July 19. That is the lowest level since February 2006,. Economists expected 310,000. but they added a note of caution , saying that there may be seasonal adjustment problems because of temporary shutdowns in the auto industry and elsewhere. Continuing claims for the week ended July 12 dropped by 8,000 to a seasonally adjusted 2.5 million — the lowest level since June 2007. | |||||||
| The Financial Times reports the European Union is getting ready to ban Europeans from buying any new bonds or stocks issued by Russia’s largest banks, as part of a new round of stricter sanctions that could be imposed later today. They would go farther than the ones announced by the U.S. last week, which targeted only two Russian banks. They would forbid any European Union person from investing in debt, stocks or “similar financial instruments” with a maturity of more than 90 days and issued by state-owned Russian financial institutions. Russian banks would be banned from listing new securities on any European exchanges and would not be able to use EU stock markets to raise funds from non-Europeans. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-lowest-in-more-than-eight-years-2014-07-24 | |||||||
| http://www.marketwatch.com/story/eu-looks-set-to-ban-trading-in-russian-stocks-ft-2014-07-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||