| The KUIK Morning Market Report for Monday, March 3: | |||||||
| Markets are negative. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (105) | points | 16,219 | 7:06 AM | ||
| S&P500 | Down | -0.67% | percent | 1,847 | (12.37) | ||
| Nasdaq Composite | Down | -0.74% | percent | 4,276 | (31.82) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.57 | Annual Yield | ||
| European stock markets posted sharp losses today after tensions in Ukraine escalated over the weekend, when Russia’s President Vladimir Putin got parliamentary approval to send in Russian forces. The Stoxx Europe 600 index slumped 2% to 331.22, heading for the lowest close since mid-February. | |||||||
| The Commerce Department reports consumer spending rose a seasonally adjusted 0.4% in January. Personal income rose 0.3%. Economists expected a 0.2% gain in spending and a 0.2% rise in income. The personal savings rate was flat at 4.3% and inflation edged up 0.1%. | |||||||
| April crude oil is up 1.4%, to $104.06 a barrel, on track for a five month high. Precious metals are also up on flight to safety buying. April gold rpse 1.8%, to $1,345.60 an ounce and May silver 1.1%, to $21.47 an ounce. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slump-as-ukraine-crisis-deepens-2014-03-03 | |||||||
| http://www.marketwatch.com/story/consumer-spending-climbs-04-in-january-2014-03-03 | |||||||
| http://www.marketwatch.com/story/gold-rallies-as-ukraine-tensions-spike-2014-03-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||