| The KUIK Morning Market Report for Thursday, December 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (66) | points | 15,780 | 7:00 AM | ||
| S&P500 | Down | -0.18% | percent | 1,779 | (3.24) | ||
| Nasdaq Composite | Down | -0.01% | percent | 4,003 | (0.45) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.87 | Annual Yield | ||
| Sales at U.S. retailers picked up in November, led by autos, as consumers took advantage of holiday season deals, according to the Commerce Department. Overall retail sales climbed a seasonally adjusted 0.7% last month, the most since June, matching economists’ expectations. Auto sales jumped 1.8% in November, the most since June. Without autos, retail sales rose .4%, above analysts expections of .2%. | |||||||
| The Labor Department reports the number of new claims for unemployment benefits rose by 68,000 in the week that ended Dec. 7 to 368,000, above the consensus forecast of 335,000. That’s the highest level in two months, but the data tends to be volatile around the holidays. Continuing claims, the people already receiving benefits rose 40,000 to 2.79 million in the week ended Nov. 30 | |||||||
| The Labor Department also reported the prices paid for imported goods fell 0.6% in November, with a large drop for fuel. Economists expected a 0.8% drop. Imported fuel prices fell 3.1%, the largest drop since June 2012. Excluding fuel, import prices were unchanged and the prices of U.S.-made goods exported to other nations rose 0.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-rise-07-in-november-2013-12-12-8913022?siteId= | |||||||
| http://www.marketwatch.com/story/jobless-claims-highest-in-two-months-2013-12-12 | |||||||
| http://www.marketwatch.com/story/us-import-prices-decline-06-in-november-2013-12-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||