Morning Market Report 2/27/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Thursday, February 27:

Markets have opened down.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(26)	points	16,173	6:55 AM
S&P500	Down	-0.15%	percent	1,842		(2.70)
Nasdaq Composite	Down	-0.02%	percent	4,291		(1.06)
30 Year Treasury	Down	(3)	Basis Points	3.61	Annual Yield

The Commerce Department reports that durable goods orders fell 1% in January. Orders have fallen in three of the past four months, in a sign that the manufacturing sector has cooled off. Economists also believe harsh winter weather is part of reason and some think demand will pick up as the spring approaches. But the report came in better than expected. Economists expected a 2.5% drop. Aircraft orders sank 20.2%. Boeing received just 38 orders for new planes in January, down from 319 in December 2013. Autos dropped 2.2%. Stripping out the volatile transportation sector, orders rose 1.1%.

The Labor Department reports initial jobless claims climbed 14,000 to a seasonally adjusted 348,000 in the week ended Feb. 22. That surprised the markets because economists expected only 335,000 and suggests that progress in the recovering U.S. labor market has slackened off.

European stocks market had broad-based losses on political tensions in Ukraine. The Stoxx Europe 600 index fell 0.9% to 334.73, on track for the lowest closing level in a week.



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

http://www.marketwatch.com/story/durable-goods-orders-drop-1-in-january-2014-02-27
http://www.marketwatch.com/story/us-jobless-claims-climb-14000-to-348000-2014-02-27-8103409
http://www.marketwatch.com/story/european-stocks-slip-with-data-yellen-in-focus-2014-02-27


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