| The KUIK Morning Market Report for Thursday, December 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 225 | points | 17,582 | 6:53 AM | ||
| S&P500 | Up | 1.3% | percent | 2,040 | 26.70 | ||
| Nasdaq Composite | Up | 1.3% | percent | 4,705 | 61.06 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 2.80 | Annual Yield | ||
| The Labor Department reports new applications for unemployment benefits fell by 6,000 to 289,000 in the week ended December 13. Economists expected a seasonally adjusted 295,000. Continuing claims fell by 147,000 to a seasonally adjusted 2.37 million in the week ended December 6. | |||||||
| The Federal Reserve yesterday in its policy statement after its two day meeting dropped its promise to keep interest rates close to zero for a “considerable time,” a sign the bank is moving closer to tightening monetary policy for the first time in eight years. The Fed added fresh language to its statement saying the U.S. central bank can be “patient” before it begins to raise rates. That shows the Fed is still prepared to raise short-term interest rates by the middle of 2015 or sooner, especially if the economy remains strong. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-6000-to-289000-in-mid-december-2014-12-18 | |||||||
| http://www.marketwatch.com/story/fed-says-they-can-be-patient-on-rate-hikes-2014-12-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||