The KUIK Morning Market Report for Wednesday, March 26: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Last |
Time |
Change |
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Dow |
Up |
N/A |
points |
– |
7:14 AM |
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S&P500 |
Up |
0.43% |
percent |
1,874 |
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8.09 |
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Nasdaq Composite |
Up |
0.52% |
percent |
4,256 |
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21.87 |
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30 Year Treasury |
Down |
(0) |
Basis Points |
3.58 |
Annual Yield |
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The Commerce Department reports orders for durable goods climbed 2.2% in February to a seasonally adjusted $229.4 billion. Economists expected no increase from January. Orders for airplanes jumped 13.6% and autos rose 3.6%. Both of those categories declined in January. Taking out the volatile transportation sector, orders rose a much smaller 0.2%. Business investment in the form of core capital goods orders fell 1.3% in February for the fourth decline in the past six months. |
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The euro is down against the dollar today. Yesterday it was hurt after the Ifo Institute said its German business-climate index fell in March from February, ending a fourth-month rise. Investors ares considering comments from European officials who signaled that a low level of inflation may prompt them to take action. Bundesbank President Jens Weidmann on yeserday didn’t rule out large-scale asset purchases like the quantitative easing bond buying programs here in the US. |
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Happy Birthday Mom! |
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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/durable-goods-orders-rise-22-in-february-2014-03-26 |
http://www.marketwatch.com/story/euro-down-vs-dollar-as-ecb-officials-talk-stimulus-2014-03-26?dist=markets |
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For today’s Morning Market Report click to listen-> |
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