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The KUIK Morning Market Report for Wednesday, March 28: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
74 |
points |
23,931 |
7:05 AM |
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S&P500 |
Up |
0.2% |
percent |
2,618 |
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Nasdaq Composite |
Down |
-0.2% |
percent |
6,994 |
(1.50) |
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30 Year Treasury |
Down |
(2) |
Basis Points |
3.00 |
Annual Yield |
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The Commerce Department reports the economy grew at at 2.9% annual pace, revised up from 2.5% in the fourth quarter of 2017, reflecting the biggest increase in consumer spending in three years and higher investment in business inventories. Economists expected 2.8%. The U.S. fell just short of 3% growth after racking up gains of 3.2% in the 2017 third quarter and 3.1% in the second . It would have been the first time since 2005 during the George Bush years that the economy expanded 3% in three straight quarters. |
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Commerce also reported the U.S. trade deficit in goods widened 0,1% in February from $75.3 to $75,4 billion.t he government’s advanced report on wholesale inventories saw a 1.1% increase in February while retail inventories rose 0.4%. Economists expect the deficit to continue to widen in coming months due to strong consumer spending. The January trade deficit was the largest since October 2008. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/4th-quarter-gdp-raised-to-29-from-25-2018-03-28 |
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www.marketwatch.com/story/us-trade-deficit-in-goods-widens-slightly-in-february-2018-03-28 |
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For today’s Morning Market Report click to listen-> |
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