| The KUIK Market Update for Thursday, February 14: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 5 | points | 13,988 | 7:47 AM | ||
| S&P500 | Up | 0.05% | percent | 1,521 | 0.71 | points | |
| Nasdaq Composite | Down | -0.05% | percent | 3,195 | (1.61) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.21 | Annual Yield | ||
| Marketwatch reports applications for initial unemployment benefits sank 27,000 to a seasonally adjusted 341,000 in the week ended Feb. 9. Economists expected a much smaller drop to 360,000 from a revised 368,000 last week. Claims are now near a five-year low but part of the drop may be due to last week’s big snowstorm in the northeast. | |||||||
| The euro-zone economy shrank 0.6% in the fourth quarter compared to the previous three months falling more than expected according to Eurostat. In the fourther quarter of 2011, GDP contracted by 0.9%. Economists expected a 0.4% quarterly contraction and a 0.7% year-on-year decline. | |||||||
| March oil gained 0.6%, to $97.60 a barrel on the New York Merc following the jobs report. The euro dropped 0.80% versus the dollar. A stronger dollar undercut the value of commodities, such as oil, that are priced in the U.S. currency. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-drop-27000-to-341000-2013-02-14 | |||||||
| http://www.marketwatch.com/story/euro-zone-gdp-contracts-06-in-fourth-quarter-2013-02-14 | |||||||
| http://www.marketwatch.com/story/eight-states-join-lawsuit-challenging-dodd-frank-2013-02-13 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||