Market Update Report 11/10/2014

November 10, 2014
The KUIK Market Update for Monday, November 10:
Markets are up.
Index Direction Change Units Time Change
Dow Up                       4 points           17,578 7:44 AM
S&P500 Up 0.1% percent             2,034       2.57
Nasdaq Composite Up 0.2% percent             4,642       9.26
30 Year Treasury Up                       1 Basis Points               3.06 Annual Yield
China’s export growth slowed to 11.6% annually in October, beating analysts’ expectations, according to China’s General Administration of Customs last Saturday.  That was down from September’s 15.3% growth but higher than the 10.0% forecast by economists.
Oil futures moved higher on that China data, and on reports of renewed fighting in eastern Ukraine . December crude rose 1.4% to $79.72 a barrel on the New York Merc.
The U.S. Postal Service said today that its more than 500,000 employees could be affected by a data breach that may have compromised data including names, Social Security numbers and addresses. The Postal Service said its revenue systems — including at post offices and online — weren’t compromised, and credit and debit card information from customers weren’t affected. However, some information given by customers to a call center between Jan. 1 and Aug. 16, such as names, addresses and e-mail addresses, may have been compromised. The Federal Bureau of Investigation is leading an investigation into the breach, which the USPS is calling a “cyber intrusion incident.” It is not known when the breach was discovered, or who the hackers might be.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/chinas-export-growth-slows-to-116-in-october-2014-11-08
http://www.marketwatch.com/story/ukraines-donetsk-suffers-escalation-of-violence-2014-11-09-131035137
http://www.marketwatch.com/story/us-postal-service-says-it-was-victim-of-data-breach-2014-11-10?link=MW_Nav_NV
For today’s Market Update Report click to listen->