Morning Market Report 11/21/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Thursday, November 21:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	55	points	15,956	6:52 AM
S&P500	Up	0.32%	percent	1,787		5.69
Nasdaq Composite	Up	0.57%	percent	3,944		22.46
30 Year Treasury	Up	2	Basis Points	3.93	Annual Yield

The Labor Department reports Initial jobless claims fell by 21,000 to a seasonally adjusted 323,000 in the week ended Nov. 16. Economists polled by MarketWatch expected a drop to 334,000. This is the biggest drop in nearly three months, but may have been affected by the Veterans Day holiday.

Markit’s U.S. index of manufacturing purchasing managers rose to 54.3 in a preliminary November reading, an eight-month high, from a final reading of 51.8 in October, Readings above 50 indicate expansion and the PMI in November signals faster growth. “The PMI bounced back from the fall seen in October, linked to business returning to normal after the uncertainty and disruption caused by the government shutdown,” said Chris Williamson, Markit’s chief economist. November saw faster expansion for output and new orders, while growth slightly slowed for employment.





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

http://www.marketwatch.com/story/jobless-claims-at-lowest-level-in-two-months-2013-11-21
http://www.marketwatch.com/story/us-markit-flash-pmi-rebounds-in-november-2013-11-21



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