| The KUIK Morning Market Report for Thursday, November 29: | |||||||
| Markets opened up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 62 | points | 13,052 | 7:00 AM | ||
| S&P500 | Up | 0.6% | percent | 1,418 | 8.30 | points | |
| Nasdaq Composite | Up | 0.8% | percent | 3,014 | 22.47 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 2.81 | Annual Yield | ||
| The U.S. grew faster in the third quarter than originally reported, but softer consumer spending and business investment suggest a softer economy in the final three months of 2012. The Commerce Department reports gross domestic product expanded at a 2.7% annual rate from July through September, up from the 2% the government’s advance estimate. That’s the fastest rate of growth since a 4.1% spurt in 2011’s fourth quarter and the best third-quarter performance in five years. Consumer spending down to 1.4% from 2%, and business investment in capital goods was revised down to a 2.2% decline from a 1.3% drop. Spending on equipment and software dropped 2.7% instead of being unchanged as initially reported. | |||||||
| The Labor Department reported Initial jobless claims dropped by 23,000 to a seasonally adjusted 393,000 in the week ended Nov. 24. Economists expected 390,000. | |||||||
| Starbucks introduced a 16-ounce “grande” cup of coffee for $7 featuring Costa Rican coffee which grinds for $40 for a half-pound bag. The tall is a bargain at $6, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/third-quarter-growth-revised-up-to-27-2012-11-29 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-23000-to-393000-2012-11-29 | |||||||
| http://www.marketwatch.com/story/starbucks-offering-a-7-cup-of-coffee-2012-11-29 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||