| The KUIK Market Update for Friday, November 14: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (5) | points | 17,648 | 8:11 AM | ||
| S&P500 | Up | 0.0% | percent | 2,040 | 0.62 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,687 | 6.66 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.07 | Annual Yield | ||
| The preliminary November reading for the University of Michigan/Thomson Reuters consumer-sentiment index rose to 89.4– highest level since July 2007 — from a final October reading of 86.9. Economists expected 88. The consumer-sentiment gauge averaged 86.9 over the year leading up to the recession. Consumer sentiment gives insight into future consumer spending. | |||||||
| A drop in the price of oil cut the costs of imported goods according to the Labor Department. They fell 1.3% in October. Economists expected a 1.4% drop. Excluding fuel, import prices dipped 0.2% last month. The price of U.S.-made goods exported to other nations fell by 1%. | |||||||
| Monday, China launches its “Shanghai-Hong Kong Stock Connect” program. For the first time, retail investors around the world will be able to invest in mainland Chinese stocks. Goldman Sachs in a research note said “that it creates the world’s second-largest equity market by market cap,” second only to the New York Stock Exchange adding 855 companies with over $1 billion of listed market cap to the investable universe, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-highest-since-mid-2007-reports-2014-11-14 | |||||||
| http://www.marketwatch.com/story/us-import-prices-drop-in-october-2014-11-14 | |||||||
| http://www.marketwatch.com/story/chinas-stock-markets-change-forever-next-week-2014-11-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||