| The KUIK Morning Market Report for Monday, October 15: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 12 | points | 13,341 | 7:52 AM | ||
| S&P500 | Up | 0.0% | percent | 1,429 | 0.49 | points | |
| Nasdaq Composite | Down | -0.1% | percent | 3,040 | (3.62) | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 2.83 | Annual Yield | ||
| The Commerce Department reported retail spending rose a seasonally adjusted 1.1% last month. It also revised higher sales for July and August. Economists surveyed by MarketWatch expected a 0.9% increase. Consumer spending accounts for more than two-thirds of the U.S. economy, so the higher level of retail sales suggests the growth in third quarter could end up being stronger than economists have been expecting. Gross domestic product likely expanded 1.6% annually, up from 1.3% in the second quarter, according to the most recent MarketWatch forecast. | |||||||
| There are two more American Noble Prize winners. Harvard’s Alvin Roth and Lloyd Shapley of the University of California at Los Angeles will share the 2012 Nobel prize for Economics for their separate work on market design, the Royal Swedish Academy of Sciences announced today. The academy said the economists were awarded the prize for the theory of stable allocations and the practice of market design. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-jump-11-iphone-effect-2012-10-15?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/roth-shapley-win-nobel-economics-prize-2012-10-15-7911626?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
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