The KUIK Market Update for Tuesday, March 11: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Last |
Time |
Change |
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Dow |
Up |
32 |
points |
16,450 |
8:07 AM |
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S&P500 |
Up |
0.19% |
percent |
1,881 |
|
3.57 |
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Nasdaq Composite |
Up |
0.40% |
percent |
4,352 |
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17.25 |
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30 Year Treasury |
Up |
0 |
Basis Points |
3.73 |
Annual Yield |
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Small-business sentiment slumped in February. Concerns over sales, the economy, and employment driving the downturn. The National Federation of Independent Business said its small-business index dropped 2.7 points to 91.4. Six components fell, one rose, and three were steady. The worst component was earnings trends, and the best was plans to make capital outlays. The index hasn’t been over 100 since 2006. |
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The Labor Department reports job openings at U.S. workplaces rose to 3.97 million in January from 3.91 million in December. Compared with January 2013, openings rose 8%, as private-sector openings increased 10% to 3.61 million, and government jobs fell to 369,000 from 421,000. With 10.24 million unemployed people, there were 2.6 potential job seekers per opening, same as December. |
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The Labor Department reports wholesale inventories rose 0.6% in January while wholesale sales fell by 1.9%. Durable goods rose 0.4% in January, and nondurables increased by 0.8%. |
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Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
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http://www.marketwatch.com/story/feb-small-business-sentiment-slumps-nfib-2014-03-11 |
http://www.marketwatch.com/story/january-job-openings-rise-to-397-million-2014-03-11 |
http://www.marketwatch.com/story/us-wholesale-inventories-rise-06-in-january-2014-03-11 |
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