| The KUIK Morning Market Report for Wednesday, March 13: | |||||||
| Markets opened down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (26) | points | 14,424 | 6:56 AM | ||
| S&P500 | Down | -0.18% | percent | 1,550 | (2.81) | points | |
| Nasdaq Composite | Down | -0.28% | percent | 3,233 | (9.04) | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.23 | Annual Yield | ||
| The Commerce Department reports that retail sales rose 1.1% in February for the biggest gain in five months. Economists polled by MarketWatch expected a 0.7% rise. The figures suggest that consumer spending is holding steady despite a spike in gasoline prices and higher payroll taxes in 2013. | |||||||
| The total number of mortgage applications filed in the U.S. last week slipped 4.3% as interest rates increased, according to the Mortgage Bankers Association. The refinance index fell 5.2% for the week ended March 8 from the previous week, according to MBA’s weekly survey, which covers more than three-quarters of all U.S. residential-mortgage applications. On a seasonally adjusted basis, the purchasing index was down 2.5% from the prior week. | |||||||
| Google will pay $7 million fine for war driving. The company settled with attorneys general in 38 states for collecting personal data without authorization via its StreetView service. It also pledged to train its employees over data privacy and launch a nationwide campaign to teach people about securing Wi-Fi hotspots. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-climb-11-in-february-2013-03-13-9103322 | |||||||
| http://www.marketwatch.com/story/us-mortgage-applications-off-43-last-week-mba-2013-03-13 | |||||||
| http://blogs.marketwatch.com/thetell/2013/03/13/google-to-pay-7-million-street-view-fine/ | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||