Morning Market Report 11/21/2012 – Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Wednesday, November 21:
Markets are up slightly this morning, the day before Thanksgiving.
Index	Direction	Change	Units	Last	Time	Change
Dow	Up	35	points	12,823	6:46 AM
S&P500	Up	0.1%	percent	1,390		0.46	points
Nasdaq Composite	Up	0.2%	percent	2,923		3.46	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.
Finally, good news if you own a Prius. According to Bloomberg John Abounader, executive director of the International Association of Auto Theft Investigators. Toyota hybrid Prius is less likely to be stolen in the U.S. compared with cars of a similar age as thieves look for parts that can be used in more- common vehicles. The recovery rate for a stolen Prius is 96.7 percent. No word on whether the cd players are still in them when they come back.

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.bloomberg.com/news/2012-11-21/prius-spared-by-thieves-shunning-fuel-economy.html
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