| The KUIK Morning Market Report for Wednesday, November 19: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (49) | points | 17,639 | 7:13 AM | ||
| S&P500 | Down | -0.4% | percent | 2,043 | (8.64) | ||
| Nasdaq Composite | Down | -0.7% | percent | 4,669 | (33.38) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.06 | Annual Yield | ||
| The Commerce Department reports housing starts fell 2.8% in October to an annual rate of 1.01 million down from 1.04 million in September. Economists expected slightly more at 1.03 million. Apartment starts fell 15.5%, but starts for single-family homes rose 4.2% for the fastest pace since November 2013. Overall construction was up 7.8% from October of 2013. | |||||||
| Markets are quiet ahead of the release of the minutes of the latest Federal Open Market Committee meeting that could shed light on policy makers’ outlook on interest rates. The release is scheduled for 11 am Pacific time. | |||||||
| The Wall Street Journal reports the Keystone XL pipeline bill failed in the Senate last night by one vote, missing the 60 it needed. That’s setback for Louisiana Democrate Senator Mary Landrieu’s effort to retain her seat in December 6th’s runoff election, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-slip-in-october-as-apartment-building-slides-2014-11-19 | |||||||
| http://www.marketwatch.com/story/us-stocks-open-weaker-ahead-of-fed-minutes-2014-11-19?dist=markets | |||||||
| http://www.marketwatch.com/story/landrieus-runoff-hopes-hit-by-failure-of-keystone-bill-2014-11-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||