| The KUIK Morning Market Report for Friday, February 8: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 44 | points | 13,988 | 6:50 AM | ||
| S&P500 | Up | 0.42% | percent | 1,516 | 6.35 | points | |
| Nasdaq Composite | Up | 0.73% | percent | 3,188 | 23.15 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.19 | Annual Yield | ||
| Marketwatch reports The monthly U.S. trade deficit fell almost 21% in December to the lowest level in two years, pulled down by a surge in petroleum exports and commercial jetliners according to the Commerce Department. The trade gap dropped to a seasonally adjusted $38.5 billion from $48.6 billion in November. It’s the smallest trade gap since January 2010. Economists expected a drop to $45.5 billion. The sharper-than-expected decline probably means the U.S. economy actually grew in the fourth quarter instead of contracting 0.1% as previously reported. | |||||||
| China’s Shanghai Composite ended 0.6% higher and Hong Kong’s Hang Seng Index climbed 0.2%. The advance came after data for January showed exports jumped 25% and imports climbed 28.8% from the year-ago period, giving the country a trade surplus of $29.2 billion. All three figures beat expectations. | |||||||
| Bloomberg reports airlines scrapped about 3,800 U.S. flights today and tomorrow and braced for more cancellations from a winter storm threatening the Northeast with as much as 2 feet of snow. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-sinks-21-to-385-billion-2013-02-08 | |||||||
| http://www.marketwatch.com/story/asia-stocks-mostly-higher-japan-falls-2013-02-07 | |||||||
| http://www.bloomberg.com/news/2013-02-08/u-s-airlines-scrub-1-000-flights-as-nor-easter-nears.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||