| The KUIK Morning Market Report for Tuesday, November 25: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 7 | points | 17,825 | 6:57 AM | ||
| S&P500 | Up | 0.1% | percent | 2,071 | 1.25 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,764 | 9.19 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.00 | Annual Yield | ||
| The Commerce Department reports gross domestic product rose at 3.9% annual pace in the third quarter, revised up frm of 3.5%. Combined with a 4.6% gain in the second quarter, the U.S. posted its best six-month stretch of growth since the middle of 2003. The bad news is export growth was dropped to 4.9% from 7.8%, a sign that slower growth in Europe and Asia is taking a bite out of the U.S. economy. Imports fell at a 0.7% annual rate vs. a prior estimate of up 1.7%. | |||||||
| Growth in adjusted corporate profits slowed sharply in the third quarter. Adjusted pretax profits increased by $43.8 billion, or a 2.1% annual rate. That’s down from $164.1 billion, or an 8.4% increase, in the second quarter, according to the Commerce Department said Tuesday. Profit figures are adjusted for depreciation and the value of inventories. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-third-quarter-growth-raised-to-39-2014-11-25 | |||||||
| http://www.marketwatch.com/story/growth-in-corporate-profits-slows-sharply-in-third-quarter-2014-11-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||