| The KUIK Market Update for Friday, February 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 73 | points | 14,018 | 7:38 AM | ||
| S&P500 | Up | 0.54% | percent | 1,518 | 8.20 | points | |
| Nasdaq Composite | Up | 0.86% | percent | 3,192 | 27.29 | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 3.20 | Annual Yield | ||
| Marketwatch reports The monthly U.S. trade deficit fell 21% in December to the lowest level in two years, pulled down by foreign sales of petroleum products commercial jetliners according to the Commerce Department. The trade gap dropped to a seasonally adjusted $38.5 billion from $48.6 billion in November and is the smallest gap since January 2010. Economists expected $45.5 billion. | |||||||
| China’s Shanghai Composite ended 0.6% higher and Hong Kong’s Hang Seng Index climbed 0.2%. The advance came after data for January showed exports jumped 25% and imports climbed 28.8% from the year-ago period, giving the country a trade surplus of $29.2 billion. All of which beat expectations. | |||||||
| Yesterday the average U.S. price for a gallon of regular gasoline stood at $3.555, making it the most expensive average ever for that day and the highest level since Oct. 26 of last year, according to AAA. Several factors will drive prices higher including refineries making early switches to summer blends and unexpected shutdowns. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-sinks-21-to-385-billion-2013-02-08 | |||||||
| http://www.marketwatch.com/story/asia-stocks-mostly-higher-japan-falls-2013-02-07 | |||||||
| http://www.bloomberg.com/news/2013-02-08/u-s-airlines-scrub-1-000-flights-as-nor-easter-nears.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||