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The KUIK Market Update for Friday, January 26: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
86 |
points |
26,478 |
8:14 AM |
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S&P500 |
Up |
0.5% |
percent |
2,854 |
0.84 |
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Nasdaq Composite |
Up |
0.7% |
percent |
7,460 |
(0.46) |
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30 Year Treasury |
Up |
2 |
Basis Points |
2.90 |
Annual Yield |
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The Commerce Department reports Gross Domestic Product grew at at 2.6% annual rate in the fourth quarter of 2017. Falling inventories and a wider trade deficit kept it from hitting the 3% expected by economists. Consumer spending hit 3.8% annually, the fastest pace in almost two years. Inflation as measured by the Personal Consumption Expenditures index, rose to 2.8%, the highest pace since 2011. Core PCE which strips out food and energy rose a slower 1.9%. |
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Durable-goods orders were up 2.9% in December, led by higher demand for airplanes and autos. Economists expected only a 0.9% increase. Orders rose a smaller 0.6% excluding transportation. Business investment in the form of core capital goods fell 0.3%. this was only the second drop in 2017. They rose 8.4% for the entire year. |
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For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/us-jobless-claims-rise-one-week-after-dropping-to-45-year-low-2018-01-25 |
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www.marketwatch.com/story/autos-airplanes-boost-orders-for-us-durable-goods-in-december-2018-01-26 |
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[category Market Updates] [tags audio,KUIK] |
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For today’s Market Update Report click to listen-> |
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