| The KUIK Market Update for Friday, November 23: | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 114 | points | 12,952 | 7:52 AM | ||
| S&P500 | Up | 0.9% | percent | 1,403 | 11.92 | points | |
| Nasdaq Composite | Up | 1.0% | percent | 2,956 | 28.96 | points | |
| 30 Year Treasury | Up | 0 | Basis Points | 2.83 | Annual Yield | ||
| The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October, the first gain in eight months. Economists predicted a drop to 99.5 and French business confidence increased from the lowest in more than three years this month. | |||||||
| Manufacturing may be picking up in China after more than a year. HSBC said the preliminary reading of its China manufacturing Purchasing Managers’ Index rose to 50.4. Above 50 is expansion. | |||||||
| Hewlett-Packard Co. and Research In Motion are leading technology stocks. H-P shares rose about 1.8% to $12.16 still below the stock’s closing price of $13.30 earlier this week before the company announced disappointing earnings results and a surprising write-off of its acquisition of Autonomy. RIM jumped 10% to $11.27 after National Bank, a Toronto-based brokerage, raised its price target to $15 from $12, citing belief in a strong launch of its new BlackBerry 10 platform early next year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-11-23/u-s-stock-futures-rise-s-p-500-may-extend-weekly-jump.html | |||||||
| http://www.marketwatch.com/story/china-manufacturing-finally-expanding-data-show-2012-11-21 | |||||||
| http://www.marketwatch.com/markets?link=MW_Nav_MA | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||
| Shortlink-> | |||||||