| The KUIK Morning Market Report for Thursday, February 13: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (52) | points | 15,913 | 7:03 AM | ||
| S&P500 | Down | -0.23% | percent | 1,815 | (4.12) | ||
| Nasdaq Composite | Down | -0.07% | percent | 4,199 | (2.75) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.68 | Annual Yield | ||
| The Commerce Department reports sales at U.S. retailers fell sharply in January and December was revised downward, showing that the economy may have softened toward the end of the year. Sales fell a seasonally adjusted 0.4% in January. Economists expected only a 0.1% decline. December’s originally reported 0.2% increase was cut to 0.1% decline. | |||||||
| The Labor Department reports Initial jobless claims rose by 8,000 to 339,000 for the week ended February 8.. Economists expected a slight drop to 330,000. | |||||||
| Tech stocks are mostly in the red, with sector bellwether Cisco Systems among the decliners. Cisco shares fell almost 4%, to $21.98 after the networking-equipment giant reported a decline in its fiscal second-quarter earnings and sales late yesterday. Other losses came from NetApp, which fell more than 5%, and Angie’s List , down by 15% at $14.55 a share. Both companies disappointed investors with their latest earnings results. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sales-at-us-retailers-sink-in-january-2014-02-13 | |||||||
| http://www.marketwatch.com/story/jobless-claims-rise-8000-to-339000-2014-02-13?link=MW_pulse | |||||||
| http://www.marketwatch.com/story/ciscos-losses-highlight-tech-sectors-retreat-2014-02-13?link=MW_latest_news | |||||||
| For today’s Morning Market Report click to listen-> | |||||||