| The KUIK Morning Market Report for Thursday, February 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 4 | points | 14,079 | 6:57 AM | ||
| S&P500 | Up | 0.13% | percent | 1,518 | 1.97 | points | |
| Nasdaq Composite | Up | 0.28% | percent | 3,171 | 8.74 | points | |
| 30 Year Treasury | Down | (1) | Basis Points | 3.10 | Annual Yield | ||
| Low and slow is the way to go. The Commerce Department reports the gross domestic product–the nation’s entire output of goods and services, expanded at just an annual 0.1% pace in the fourth quarter. Initially the government said the economy contracted by 0.1%. | |||||||
| Initials claims for unemployment benefits dropped 22,000 to 344,000 in the week ended Feb. 23, according to the Labor Department. Economists surveyed by MarketWatch had expected 362,000. | |||||||
| While 2012 had the fewest foreclosure-related sales of homes since 2007, levels remained far higher than before the bursting of the housing-market bubble, according to RealtyTrac. Almost 950,000 properties in some state of foreclosure or owned by a bank were sold in 2012, down 6% from2011. There were only about 46,000 foreclosure-related sales in 2005. In sumary, foreclosure-related sales made up about 21% of all home sales last year, down from 23% in 2011, but much greater than 1% in 2005. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/economy-grew-just-barely-in-fourth-quarter-2013-02-28 | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-22000-2013-02-28 | |||||||
| http://www.marketwatch.com/story/2012s-foreclosure-sales-lowest-in-five-years-2013-02-28 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||