| The KUIK Morning Market Report for Friday, January 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 58 | points | 16,501 | 7:03 AM | ||
| S&P500 | Up | 0.32% | percent | 1,838 | 5.78 | ||
| Nasdaq Composite | Up | 0.15% | percent | 4,149 | 6.40 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.94 | Annual Yield | ||
| Outlays for U.S. construction projects rose 1% in November, led by private projects, according to a report yesterday by the Department of Commerce. Economists expected a 0.8% increase. Spending on residential construction rose 1.7%, nonresidential construction 0.6%. Total private construction spending rose 2.2%, while public spending fell 1.8%. | |||||||
| Yesterday was a big move for gold. It was up $23 an ounce on reports of physical buyers in China looking for bargains before the Chinese New year. February gold is up 0.3%, to $1,229.30 an ounce. | |||||||
| Markets will be watching the Federal Reserve. Economists gather for a conference of the American Economic Association today in Philadelphia and those speeches will be closely watched following the decision by the Fed last month to begin scaling back the pace of its $85 billion in monthly bond buys. The stimulus will begin with reductions of $10 billion per month as the central bank emphasizes its commitment to holding key rates near zero. Both Philly Fed President Charles Plosser and Fed Chairman Ben Bernanke will speak. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/november-construction-spending-rises-1-2014-01-02 | |||||||
| http://www.marketwatch.com/story/gold-builds-on-strong-start-to-2014-2014-01-02 | |||||||
| http://www.marketwatch.com/story/treasurys-slip-ahead-of-fed-speakers-2014-01-03?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||