| The KUIK Morning Market Report for Thursday, March 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 35 | points | 16,375 | 7:08 AM | ||
| S&P500 | Up | 0.15% | percent | 1,871 | 2.80 | ||
| Nasdaq Composite | Up | 0.21% | percent | 4,333 | 9.20 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.68 | Annual Yield | ||
| The Commerce Department reports that retail sales rose a seasonally adjusted 0.3% in February, slightly better than expected. Economists polled by MarketWatch had forecast a 0.2% increase. The January’s drop was revised down to 0.6% from 0.4% and December was lowered to 0.3% from 0.1%. Over the past year, retail sales are only up 1.2%. | |||||||
| The Labor Department reported initial jobless claims fell by 9,000 to 315,000 in the week ended March 8. Economists polled by MarketWatch expected a seasonally adjusted 330,000. The average of new claims over the past month, a more reliable gauge of employment trend, also fell to a three-month low. | |||||||
| May copper fell 0.5%, to $2.95 a pound. It’s been hit hard by worries about the Chinese economy. It is at levels not seen since June 2010 and down over 13% year-to-date, the worst performer among precious or base metals. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-rise-for-first-time-in-three-months-2014-03-13 | |||||||
| http://www.marketwatch.com/story/jobless-claims-fall-to-3-month-low-of-315000-2014-03-13 | |||||||
| http://www.marketwatch.com/story/gold-pushes-past-6-month-highs-copper-stalls-2014-03-13?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||