| The KUIK Morning Market Report for Friday, February 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (31) | points | 18,184 | 6:59 AM | ||
| S&P500 | Down | -0.1% | percent | 2,108 | (2.50) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,981 | (6.74) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 2.61 | Annual Yield | ||
| The Commerce Department reports gross domestic product grew at a revised 2.2% in the 4th quarter of 2014, down from an original estimate of 2.6%. Inventories increased by only $88.4 billion instead of $113.1 billion. A slightly larger trade gap also contributed to the downward revision. Export growth was raised to 3.2% from 2.8%, but the increase in imports was revised up to 10.1% from 8.9%. Consumer spending, on the other hand, was still strong, up 4.2% for the biggest increase since 2010. Inflation fell to 0.4% annually, while the core rate that excludes food and energy increased at 1.1%. For all of 2014, the U.S. economy grew 2.4%, compared to 2.2% in 2013, and 2.3% in 2012. | |||||||
| Marketwatch reports German lawmakers have approved a four-month extension of Greece’s $269 billion bailout program. The vote comes after eurozone finance ministers earlier this week approved Greece’s list of proposed economic reforms that was required for the extension. Greece’s Athex Composite was down 4% ahead of the results. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-fourth-quarter-gdp-trimmed-to-22-from-26-2015-02-27 | |||||||
| http://www.marketwatch.com/story/german-lawmakers-approve-greeces-bailout-extension-2015-02-27 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||