Market Update Report 9/12/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Thursday, September 12:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	18	points	15,345	7:42 AM
S&P500	Up	0.05%	percent	1,690		0.77
Nasdaq Composite	Up	0.15%	percent	3,731		5.49
30 Year Treasury	Down	(4)	Basis Points	3.82	Annual Yield

The Labor Department reported Initial claims for unemployment insurance dropped by 31,000 to a seasonally adjusted 292,000 in the week ended Sept. 7. That was the first drop below 300,000 since 2006. However two states made changes to their computer systems that resulted in some claims not being processed in time and the Labor Day holiday may also have artificially lowered the number of claims.



The prices paid for imported goods was unchanged in August, according to the Labor Department. Economists expected 0.4% gain. And the increase in import prices in July was revised down to 0.1% instead of 0.2% as originally reported. Excluding fuel, import prices fell by 0.2% in August. Fuel imports rose 0.5% and food prices edged up 0.3%, but prices fell for imported autos, industrial supplies and consumer goods. Over the past 12 months import prices have fallen by 0.4%, a sign that inflationary pressure in the U.S. remains low. The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.5% in August.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/jobless-claims-drop-below-300000-but-delays-cited-2013-09-12

http://www.marketwatch.com/economy-politics?link=MW_Nav_EP


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