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The KUIK Morning Market Report for Friday, January 26: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
91 |
points |
26,483 |
7:10 AM |
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S&P500 |
Up |
0.4% |
percent |
2,851 |
0.84 |
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Nasdaq Composite |
Up |
0.5% |
percent |
7,447 |
(0.46) |
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30 Year Treasury |
Up |
2 |
Basis Points |
2.89 |
Annual Yield |
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The Commerce Department reports Gross Domestic Product grew at at 2.6% annual rate in the fourth quarter of 2017. Falling inventories and a wider trade deficit kept it from hitting the 3% expected by economists. Consumer spending hit 3.8% annually, the fastest pace in almost two years. Americans spent more on new cars and trucks, clothing and health care. Businesses increased spending on equipment by 11.4%, while investment in new housing was 11.6%. Companies slowed production though. Inventories fell by $29.3 billion. The trade deficit hurt. Imports rose 13.9% while exports only rose 6.9% and that took 1.1% off fourth-quarter GDP. The annual rate of inflation, measured by the Personal Consumption Expenditures index, rose to 2.8%, the highest pace since 2011. The core PCE which strips out food and energy rose a slower 1.9%. |
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For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/us-jobless-claims-rise-one-week-after-dropping-to-45-year-low-2018-01-25 |
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[category Market Updates] [tags audio,KUIK] |
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For today’s Morning Market Report click to listen-> |
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