Morning Market Report 11/14/2012 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, November 14:
Markets had a strong open.
Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(2)	points	12,757	7:02 AM
S&P500	Up	0.1%	percent	1,376		1.41	points
Nasdaq Composite	Up	0.3%	percent	2,893		8.84	points
30 Year Treasury	Up	3	Basis Points	2.76	Annual Yield
Computer-networking-equipment maker Cisco Systems reported quarterly profit that beat expectations. Cisco surprised almost every analyst following the company by beating both revenue and profit estimates. CSCO is up more than 7% to 18.10 a share.
The Commerce Department says Retail sales fell in October by the largest amount since June, hurt by Hurricane Sandy. They dropped a seasonally adjusted 0.3%. Economists surveyed by MarketWatch expected only a 0.1% decline.
The Labor Department says wholesale prices also had the biggest decline in October in more than eighteen months mostly because of lower costs for gasoline and motor vehicles. The producer price index fell a seasonally adjusted 0.2%. Economists expected a 0.2% increase.
As the White House and Congress inch closer to talks on a deal to tackle the federal budget deficit, the red ink continued to flow in October. The government ran a deficit of $120 billion in October, up sharply from $98.5 billion in the same month last year. The October deficit was also higher than an estimate of $113 billion released last week by the Congressional Budget Office.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/us-retail-sales-retreat-in-october-2012-11-14
http://www.marketwatch.com/story/us-wholesale-costs-decline-in-october-2012-11-14
http://www.marketwatch.com/story/us-stocks-start-higher-inspired-by-cisco-beat-2012-11-14-9913923
http://www.marketwatch.com/story/us-runs-120-billion-deficit-in-october-2012-11-13
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