| The KUIK Market Update for Thursday, March 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 34 | points | 14,330 | 7:45 AM | ||
| S&P500 | Up | 0.20% | percent | 1,545 | 3.05 | points | |
| Nasdaq Composite | Up | 0.16% | percent | 3,228 | 5.15 | points | |
| 30 Year Treasury | Up | 5 | Basis Points | 3.20 | Annual Yield | ||
| Initial jobless claims fell by 7,000 to a seasonally adjusted 340,000 in the week ended March 3, putting them at the lowest level since mid-January, according to the Labor Department. Economists surveyed by MarketWatch forecast claims to rise to 353,000. | |||||||
| The U.S. trade deficit widened 16.5% in January to $44.4 billion, reversing much of a narrowing in December, according to the Commerce Department. The January trade deficit was above the consensus forecast of Wall Street economists of a deficit of $42.4 billion. Exports slumped 1.2% in January while imports jumped 1.8%, led by an increase in crude oil imports. | |||||||
| The Bloomberg Consumer Comfort Index improved to minus 32.4 in the week ended March 3 from minus 32.8 in the prior period. The share of Americans with a positive view of the U.S. economy held at its highest level since early 2008 and more people said it was a good time to buy needed goods and services. The index, is a random sample of 1,000 consumers 18 and older. Each week, 250 respondents are asked for their views on the economy, personal finances and buying climate. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-to-340000-2013-03-07 | |||||||
| http://www.marketwatch.com/story/us-trade-gap-rebounds-sharply-in-january-2013-03-07 | |||||||
| http://www.bloomberg.com/news/2013-03-07/consumer-comfort-in-u-s-improves-to-highest-level-this-year.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||