| The KUIK Morning Market Report for Thursday, February 14: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (16) | points | 13,968 | 7:07 AM | ||
| S&P500 | Down | -0.19% | percent | 1,517 | (2.88) | points | |
| Nasdaq Composite | Down | -0.31% | percent | 3,187 | (9.90) | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.21 | Annual Yield | ||
| Marketwatch reports applications for initial unemployment benefits sank 27,000 to a seasonally adjusted 341,000 in the week ended Feb. 9. Economists expected a much smaller drop to 360,000 from a revised 368,000 last week. Claims are now near a five-year low but part of the drop may be due to last week’s big snowstorm in the northeast. | |||||||
| The euro-zone economy shrank 0.6% in the fourth quarter compared to the previous three months falling more than expected according to Eurostat. In the fourth quarter of 2011, GDP contracted by 0.9%. Economists expected a 0.4% quarterly contraction and a 0.7% year-on-year decline. | |||||||
| Eight states have joined a lawsuit challenging the constitutionality of regulations setting up a system to dismantle a big failing bank. The state attorneys-general are joining onto a lawsuit filed in federal court in June 2012 by the State National Bank of Big Spring, Texas and two conservative action groups that are challenging key parts of the Dodd-Frank Act. At issue is orderly liquidation authority which would allow regulators to use taxpayer dollars to make payments to creditors and counterparties of a failing big bank so they don’t fail as well. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-drop-27000-to-341000-2013-02-14 | |||||||
| http://www.marketwatch.com/story/euro-zone-gdp-contracts-06-in-fourth-quarter-2013-02-14 | |||||||
| http://www.marketwatch.com/story/eight-states-join-lawsuit-challenging-dodd-frank-2013-02-13 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||