| The KUIK Morning Market Report for Wednesday, November 27: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 22 | points | 16,093 | 6:59 AM | ||
| S&P500 | Up | 0.23% | percent | 1,807 | 4.06 | ||
| Nasdaq Composite | Up | 0.39% | percent | 4,033 | 15.68 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.81 | Annual Yield | ||
| The Labor Department reports Initial jobless claims dropped by 10,000 to 316,000 in the week ended Nov. 23. Economists expected a seasonaly adjusted 330,000. However the decline is not necessarily a trend. The number of claims tend to bounce around during the holiday season. | |||||||
| The Commerce department reports Orders for big-ticket U.S. goods fell 2% in October, largely because of fewer contracts for jumbo jets, economists expected a drop of 2.2%. Core capital goods orders which excludes aircraft and Pentagon spending fell 1.2% last month after a 1.4% drop in September. That is a good proxy for how much U.S. businesses are investing and points to slower growth ahead. A bright spot was autos. Orders climbed 1.7% to mark the second strong gain in three months. | |||||||
| Crude-oil prices are down sharply. Yesterday the American Petroleum Institute reported U.S. crude stocks rose by 6.9 million barrels in the week ended Nov. 22, Analysts survey by Platts expected a drop of 1.5 million barrels. January crude is off nearly 1%, to $92.74 a barrel, after a 0.4% loss in yesterday on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/applications-for-jobless-benefits-fall-again-2013-11-27 | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-drop-2-in-october-2013-11-27-8103580 | |||||||
| http://www.marketwatch.com/story/oil-falls-after-surprise-rise-in-us-inventories-2013-11-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||