| The KUIK Market Update for Friday, October 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 18 | points | 15,144 | 8:01 AM | ||
| S&P500 | Up | 0.04% | percent | 1,693 | 0.76 | ||
| Nasdaq Composite | Up | 0.13% | percent | 3,766 | 5.03 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.70 | Annual Yield | ||
| House Republicans are waiting for a response from President Obama on their proposal to put in place a framework for six weeks of budget talks, according to Politico. House Republicans are aiming to re-open the government and fund it through Dec. 15, and lift the nation’s debt ceiling through Nov. 22. Obama and Republican leaders met last night and agreed to continue their talks . | |||||||
| Oil futures fell after the International Energy Agency predicted strong growth in oil supplies for next year. The losses reversed yesterday’s gain. November crude is off 1.9%, to $101.06 a barrel on the New York Merc. Oil is down 2.7% for the week. | |||||||
| The University of Michigan/Thomson Reuters consumer-sentiment index fell to a preliminary October reading of 75.2 — lowest since January — from a final September reading of 77.5. Economists expected 75 due to concerns over the government shutdown, the debt ceiling, and stock market volatility. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/republican-plan-awaiting-obama-response-report-2013-10-11 | |||||||
| http://www.marketwatch.com/story/oil-dips-as-lawmakers-fail-to-agree-on-deal-2013-10-11 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-falls-in-october-2013-10-11?link=MW_story_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||