Market Update Report 11/14/2014

The KUIK Market Update for Friday, November 14:
Markets are mixed.
Index Direction Change Units Time Change
Dow Down                      (5) points           17,648 8:11 AM
S&P500 Up 0.0% percent             2,040       0.62
Nasdaq Composite Up 0.1% percent             4,687       6.66
30 Year Treasury Down                      (0) Basis Points               3.07 Annual Yield
The preliminary November reading for the University of Michigan/Thomson Reuters consumer-sentiment index rose to 89.4–  highest level since July 2007 — from a final October reading of 86.9. Economists expected 88. The consumer-sentiment gauge averaged 86.9 over the year leading up to the recession. Consumer sentiment gives insight into future consumer spending.
A drop in the price of oil cut the costs of imported goods according to the Labor Department.   They fell 1.3% in October. Economists expected a 1.4% drop. Excluding fuel, import prices dipped 0.2% last month. The price of U.S.-made goods exported to other nations fell by 1%.
Monday, China launches its “Shanghai-Hong Kong Stock Connect” program. For the first time, retail investors around the world will be able to invest in mainland Chinese stocks. Goldman Sachs in a research note said “that it  creates the world’s second-largest equity market by market cap,” second only to the New York Stock Exchange adding 855 companies with over $1 billion of listed market cap to the investable universe,
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/consumer-sentiment-highest-since-mid-2007-reports-2014-11-14
http://www.marketwatch.com/story/us-import-prices-drop-in-october-2014-11-14
http://www.marketwatch.com/story/chinas-stock-markets-change-forever-next-week-2014-11-09
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