Morning Market Report 2/11/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, February 11:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	56	points	15,859	6:56 AM
S&P500	Up	0.32%	percent	1,806		5.78
Nasdaq Composite	Up	0.33%	percent	4,162		13.89
30 Year Treasury	Up	2	Basis Points	3.68	Annual Yield

New Federal Reserve Chairman Janet Yellen said Tuesday that markets should expect the central bank to continue to follow the low-interest-rate path laid out by her predecessor Ben Bernanke. Yellen made her prepared remarks for a hearing of the House Financial Services Committee. She said that the central bank would taper the pace of its asset purchases at future meetings if the economy continued to improve as expected, although the pullback was not on a preset course. She added the Fed plans to hold short-term interest rates at zero “well past” the time the jobless rate falls below 6.5% and that that volatility in global markets was not causing the Fed to rethink its policy stance.

Optimism among small businesses ticked slightly in January, led by sales expectations and hiring plans, according to the National Federation of Independent Business. Among the 10 components tracked, three rose, five fell and two were unchanged. The index is still lower than the average reading of 100 before the start of the 2008.recession.

European stock markets headed for a fifth-straight day of gains on Tuesday after Janet Yellen’s testimony. The Stoxx Europe 600 index gained 0.8% to 327.94, on track for the highest closing level in three weeks.



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

http://www.marketwatch.com/story/yellen-stresses-continued-low-rate-policy-2014-02-11
http://www.marketwatch.com/story/nfib-index-of-small-business-optimism-ticks-up-2014-02-11
http://www.marketwatch.com/story/european-stocks-climb-with-yellen-in-view-2014-02-11?dist=markets


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