Morning Market Report 3/26/2014

The KUIK Morning Market Report for Wednesday, March 26:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up  N/A  points                  –   7:14 AM
S&P500 Up 0.43% percent             1,874             8.09
Nasdaq Composite Up 0.52% percent             4,256            21.87
30 Year Treasury Down                      (0) Basis Points               3.58 Annual Yield
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.
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.
Happy Birthday Mom!
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
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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