Morning Market Report 2/26/2015 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Thursday, February 26:

Markets are down.

Index	Direction	Change	Units		Time	Change
Dow	Down	(38)	points	18,187	7:06 AM
S&P500	Down	-0.3%	percent	2,108		(5.86)
Nasdaq Composite	Down	-0.2%	percent	4,959		(7.77)
30 Year Treasury	Up	1	Basis Points	2.58	Annual Yield

The Labor Department reports new claims for unemployment benefits jumped by 31,000 to 313,000 in the ended February 21. Economists expected an adjusted 290,000. Continuing claims fell by 21,000 to an adjusted 2.4 million in the week ended February 14.

The Commerce Department reports orders for durable goods rose an adjusted 2.8% in January. That was higher than the 0.5% gain forecast by economists. Orders not including transportation edged up 0.3%. Orders for core capital goods, an indicator of business investment, surged 9.5%.

The consumer price index dropped an adjusted 0.7% in January, for the third decline in a row, according to the Labor Department. Over the past year prices have fallen by an unadjusted 0.1%, the first time consumer inflation has been negative since the fall of 2009. Energy fell 9.7%, as the cost of most fuels including gas decreased. Food was unchanged. Excluding food and energy, core consumer prices rose 0.2% in January and are up 1.6% in the past year, mainly reflecting rising prices for housing.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/us-jobless-claims-jump-31000-to-313000-2015-02-26
http://www.marketwatch.com/story/durable-goods-orders-climb-28-in-january-2015-02-26-8913519
http://www.marketwatch.com/story/consumer-prices-tumble-07-in-january-real-wages-surge-2015-02-26


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