| The KUIK Market Update for Monday, November 4: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (24) | points | 15,592 | 9:26 AM | ||
| S&P500 | Up | 0.14% | percent | 1,764 | 2.51 | ||
| Nasdaq Composite | Up | 0.19% | percent | 3,930 | 7.51 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.69 | Annual Yield | ||
| St. Louis Fed President James Bullard said that the central bank does not have to be in a “hurry” to reduce the pace of the central bank’s $85 billion-a-month asset purchase plan because of low inflation readings. In an interview on CNBC, Bullard said he wanted to see evidence that inflation was moving up to 2% before tapering. He said he was also willing to be patient because the Fed has more room on its balance sheet. | |||||||
| The Commerce Department reported factory orders jumped 1.7% in September to $490.8 billion and that matched expectations. The report also showed some August data that had not been reported because of the government shutdown. August orders fell 0.1%. Shipments rose 0.1% in September and rose 0.2% in August. The September rise in orders was expected after a big increase in Boeing orders, and orders excluding transportation fell 0.2%. | |||||||
| December crude is up .3% to $94.89 a barrel on the New York Merc, on a weaker dollar, the jump in factory orders, and signs of growth in China’s services sector lifted prospects for energy demand. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-bullard-willing-to-be-patient-on-taper-2013-11-04 | |||||||
| http://www.marketwatch.com/story/factory-orders-climb-17-in-september-2013-11-04?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||