| The KUIK Market Update for Tuesday, November 12: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (8) | points | 15,773 | 7:51 AM | ||
| S&P500 | Down | -0.10% | percent | 1,770 | (1.75) | ||
| Nasdaq Composite | Down | -0.04% | percent | 3,918 | (1.54) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.85 | Annual Yield | ||
| Small-business optimism dropped in October after the government shutdown. The National Federation of Independent Business’s small-business optimism index dropped to 91.6 in October from 93.9 in September, the lowest reading since April, with seven of the ten components negative. The biggest drop came from those who expect the economy to improve, which dropped 7 percentage points to a net negative 17%. The average value of the small-business optimism index since the recovery started is 91, which is 8 points below the thirty-five year average through 2007. | |||||||
| Dallas Federal Reserve President Richard Fisher in an interview on CNBC today urged the markets to prepare for the tapering of the Fed’s quantitative-easing stimulus, though repeating that overall policy would remain loose for some time to come. | |||||||
| The Conference Board released its Global Economic Outlook today. It projects that China’s growth rate will slow to 7% in 2014, compared with 7.5% in 2013. and world growth will pick up to 3.1% in 2014 from 2.8% in 2013. It estimates the US will post an annual growth rate of 2.3% in 2014, compared with 1.6% in 2013 | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oct-nfib-small-business-optimism-index-drops-2013-11-12 | |||||||
| http://www.marketwatch.com/story/feds-fisher-says-easing-to-reach-its-limit-2013-11-12 | |||||||
| http://www.marketwatch.com/story/world-economy-to-grow-31-in-2014-forecaster-2013-11-12?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||