| The KUIK Morning Market Report for Friday, December 20: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 65 | points | 16,243 | 7:03 AM | ||
| S&P500 | Up | 0.39% | percent | 1,817 | 7.02 | ||
| Nasdaq Composite | Up | 0.47% | percent | 4,077 | 19.00 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.86 | Annual Yield | ||
| The Commerce Department reports that the The U.S. economy expanded at a 4.1% annual clip in the third quarter, the strongest performance in two years, owing to faster consumer spending and more business investment . It was revised upward from 3.6%. Consumer spending rose 2% instead of 1.4% as previously reported, though the increase was mostly in gasoline and health care. | |||||||
| European stock indexes headed for the strongest weekly gain since April on Friday, as the U.S. Federal Reserve’s tapering decision spurred optimism about the U.S. economy. The Stoxx Europe 600 index climbed 0.1% to 319.85, on track for a 3.3% weekly advance. Yesterday, the benchmark posted its biggest gain since early September, after the Fed decided to reduce its asset purchases. | |||||||
| Yesterday, gold futures hit their lowest settlement in more than three years on the Fed tapering and a rally in the US dollar. February gold is down 0.1%, to $1,192.20 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-third-quarter-gdp-revised-up-to-41-2013-12-20 | |||||||
| http://www.marketwatch.com/story/stoxx-europe-600-eyes-best-week-since-april-2013-12-20?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-prices-bounce-off-three-year-lows-2013-12-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||