| The KUIK Morning Market Report for Monday, October 28: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (16) | points | 15,554 | 7:03 AM | ||
| S&P500 | Down | -0.02% | percent | 1,759 | (0.28) | ||
| Nasdaq Composite | Down | -0.10% | percent | 3,939 | (3.95) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.61 | Annual Yield | ||
| The Federal Reserve reports Industrial production rose 0.6% in September, for the biggest monthly gain in seven months. Economists expected only .1%. Overall industrial production increased at a 2.3% annualized growth rate in the third quarter better than the 1.1% gain in the second quarterm and was led by utilities output, which rose 4.4% after five months of declines. | |||||||
| Oil futures traded slightly higher this morning,moving between small gains and losses, as traders wait on a meeting of Federal Reserve policy makers tomorrow and Wednesday and October jobs data to be released on Thursday for clues to when the central bank will begin to scale back is $85 billion dollars a month of bond buying. December Nymex WTI crude was up 3 cents at $97.88 a barrel. ICE Brent crude gained adding $1.39 to trade at $108.32 a barrel. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-improves-in-september-2013-10-28 | |||||||
| http://www.marketwatch.com/story/oil-edges-higher-as-traders-await-fed-clues-2013-10-28?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||