| The KUIK Market Update for Thursday, November 29: | |||||||
| Markets opened up this morning and are now trading off their highs. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 44 | points | 13,030 | 8:02 AM | ||
| S&P500 | Up | 0.5% | percent | 1,417 | 7.01 | points | |
| Nasdaq Composite | Up | 0.7% | percent | 3,013 | 21.07 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 2.80 | Annual Yield | ||
| The U.S. grew faster in the third quarter than originally reported, but softer consumer spending and business investment suggest a softer economy in the final three months of 2012. the Commerce Department reports gross domestic product expanded at a 2.7% annual rate from July through September, up from the 2% the government’s advance estimate. That’s the fastest 4.1% int the fourth quarter of 2011 and the best third-quarter performance in five years. | |||||||
| The Labor Department reported Initial jobless claims dropped by 23,000 to a seasonally adjusted 393,000 in the week ended Nov. 24 Economists expected 390,000. | |||||||
| Pending home sales rose 5.2% in October signaling a recovering housing market according to the National Association of Realtors. Pending sales were up 13.2% from October 2011, for the 18th month of gains. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/third-quarter-growth-revised-up-to-27-2012-11-29 | |||||||
| http://www.marketwatch.com/story/us-jobless-claims-fall-23000-to-393000-2012-11-29 | |||||||
| http://www.marketwatch.com/story/pending-home-sales-rise-in-october-2012-11-29 | |||||||
| For today’s Market Update Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||