| The KUIK Morning Market Report for Wednesday, September 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 18 | points | 14,852 | 6:55 AM | ||
| S&P500 | Up | 0.30% | percent | 1,645 | 4.88 | ||
| Nasdaq Composite | Up | 0.41% | percent | 3,627 | 14.80 | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.78 | Annual Yield | ||
| The Commerce Department reported the U.S. trade deficit jumped 13.3% to $39.1 billion in July, one month after it fell to the lowest level in almost four years. Economists polled by MarketWatch expected $39.0 billion on a seasonally adjusted basis. U.S. imports of petroleum, reflecting higher prices, increased in July and demand for foreign-made autos and auto parts hit a record high. The value of goods imported into the U.S. rose 1.6% to $228.6 billion. Exports slipped 0.6% to $189.4 billion, as shipments of commercial planes, industrial engines and jewelry declined. Although the increase in imports suggests strengthening demand in the U.S., a larger trade gap usually means slower economic growth at home. | |||||||
| Apple is up 2.7% to $502.07 a day after sending media invites to a Sept. 10 event for what’s expected to be the launch of the new iPhone. Micron shares jumped 6% to $14.85 on news of a major fire that forced rival Hynix Inc. to suspend operations at a factory in China. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-july-trade-deficit-rises-13-to-391-billion-2013-09-04 | |||||||
| http://www.marketwatch.com/story/apple-micron-rally-but-microsoft-linkedin-slip-2013-09-04?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||