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The KUIK Morning Market Report for Wednesday, February 28: |
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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 |
116 |
points |
25,526 |
7:18 AM |
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S&P500 |
Up |
0.5% |
percent |
2,758 |
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Nasdaq Composite |
Up |
0.6% |
percent |
7,371 |
3.00 |
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30 Year Treasury |
Down |
(3) |
Basis Points |
3.14 |
Annual Yield |
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Marketwatch reports Amazon.com has acquired Ring, the maker of smartphone connected video doorbells, in a deal valued at more than $1 billion. giving it a foothold in the growing internet business of home security. The acquisition is Amazon’s second largest after its roughly $13.5 billion purchase of Whole Foods last year. Can you say: "Alexa, call the cops?" |
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Annual growth in the U.S. was trimmed to a still steady 2.5% from 2.6% in the fourth quarter, according to the Commerce Department. That match expectations A slower build in inventories accounted for the downward revision. Consumer spending was unchanged at 3.8%. For all of 2017, the U.S. expanded 2.3% vs. a 1.6% in 2016.Spending on structures rose at 2.5% while Investment in housing rose 13%. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/fourth-quarter-gdp-lowered-to-25-2018-02-28 |
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For today’s Morning Market Report click to listen-> |
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