| The KUIK Market Update for Wednesday, September 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 66 | points | 14,901 | 7:55 AM | ||
| S&P500 | Up | 0.56% | percent | 1,649 | 9.11 | ||
| Nasdaq Composite | Up | 0.69% | percent | 3,638 | 25.02 | ||
| 30 Year Treasury | Up | 0 | 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. | |||||||
| October crude-oil futures fell 1.1%, to $107.35 a barrel on the New York Merc after rising 0.8% yesterday as traders weighed the likelihood of U.S intervention in Syria and wait on this week’s petroleum supplies update. The U.S. Senate Foreign Relations Committee had reached a deal on a bill to approve military action against Syria according to Marketwatch. | |||||||
| 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/oil-slips-as-dollar-gains-with-supply-data-ahead-2013-09-03?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||