| The KUIK Morning Market Report for Thursday, March 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 63 | points | 14,518 | 6:54 AM | ||
| S&P500 | Up | 0.40% | percent | 1,561 | 6.29 | points | |
| Nasdaq Composite | Up | 0.34% | percent | 3,256 | 11.14 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.24 | Annual Yield | ||
| The Labor Department reports initial jobless claims fell by 10,000 to a seasonally adjusted 332,000 in the week ended March 9. The only reading lower in the past five years was in mid-January, but that number was distorted by post-holiday layoffs and other unusual seasonal factors. | |||||||
| The Commerce Department reported business inventories jumped 1.0% in January to a seasonally adjusted $1.64 trillion. That was almost twice as much as Wall Street economists expected. Sales fell 0.3%. | |||||||
| Marketwatch reports U.S. wholesale prices shot up a seasonally adjusted 0.7% in February, driven by a spike in gasoline costs. Gas prices jumped 7.2% for the biggest monthly gain since September. Excluding the volatile categories of food and energy,core wholesale prices rose a smaller 0.2%, matching the increase in January, according to the Labor Department. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-drop-10000-to-332000-2013-03-14 | |||||||
| http://www.marketwatch.com/story/us-business-inventories-jump-10-in-january-2013-03-13?Link=obinsite | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||