| The KUIK Morning Market Report for Tuesday, January 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 103 | points | 16,532 | 6:55 AM | ||
| S&P500 | Up | 0.54% | percent | 1,837 | 9.82 | ||
| Nasdaq Composite | Up | 0.64% | percent | 4,140 | 26.15 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.89 | Annual Yield | ||
| The Commerce Departmet reports the nation’s trade gap dropped 13% to a seasonally adjusted $34.3 billion from a revised $39.3 billion in October. That beat economists’ forecast of $40 billion and is the lowest in four years. That means the economy expanded faster than expected in the fourth quarter and might mean faster growth ahead. | |||||||
| U.S. home prices edged up .1% in November according to CoreLogic and they are up 11.8% year-over-year for the 21st straight month of gains. CoreLogic’s pending home price forecast sees 0.1% monthly drop for December and a year-on-year gain of 11.5% which would be the best year since 2005. | |||||||
| The German DAX 30 index was up 0.6% to 9,457 after data showed seasonally adjusted jobless claims falling 15,000 to 2.97 million in December, which was better than expected. German retail sales data also came in better than expected, with a November preliminary rise of 1.5%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/trade-deficit-falls-to-lowest-level-in-four-years-2014-01-07 | |||||||
| http://www.marketwatch.com/story/us-home-prices-edge-up-in-november-corelogic-2014-01-07 | |||||||
| http://www.marketwatch.com/story/european-stocks-lifted-by-german-data-basf-gains-2014-01-07?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||