| The KUIK Market Update for Wednesday, November 21: | |||||||
| Markets are up slightly this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 20 | points | 12,809 | 8:53 AM | ||
| S&P500 | Down | 0.0% | percent | 1,388 | (0.02) | points | |
| Nasdaq Composite | Up | 0.0% | percent | 2,916 | 2.85 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 2.83 | Annual Yield | ||
| First-time applications for unemployment benefits dropped last week but the number of new claims remains high due to Hurricane Sandy. The Labor Department says initial jobless claims dropped by 41,000 to a seasonally adjusted 410,000 in the week ended Nov. 17. Economists surveyed by MarketWatch expected 418,000. | |||||||
| Farm equipment maker Deere fell 3.5 percent to $83. The company said farm- equipment sales in Europe will be unchanged to 5 percent lower in fiscal 2013 and Asia will be little changed due to softer economic conditions in India and China. That may hurt the company’s efforts to expand the share of sales made outside the U.S. and Canada to 50 percent by 2018. | |||||||
| Euro-zone finance ministers today failed to reach an agreement on conditions to release the next tranche of financial aid for Greece and plan to meet again on Monday to continue the discussions. The euro dropped immediately on the news, sliding half a cent against the dollar. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-initial-jobless-claims-drop-to-410000-2012-11-21?link=MW_Nav_EP | |||||||
| http://www.bloomberg.com/news/2012-11-21/u-s-stock-futures-fluctuate-amid-deadlock-in-greek-talks.html | |||||||
| http://www.marketwatch.com/story/eurogroup-to-meet-again-after-no-pact-on-greek-aid-2012-11-20 | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||