| The KUIK Morning Market Report for Thursday, December 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 160 | points | 17,693 | 7:02 AM | ||
| S&P500 | Up | 1.0% | percent | 2,047 | 20.41 | ||
| Nasdaq Composite | Up | 1.1% | percent | 4,737 | 53.24 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.85 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits fell by 3,000 to 294,000 in the week ended December 6. Economists expected 296,000. Continuing claims increased by 142,000 to a seasonally adjusted 2.51 million in the week ended November 29. | |||||||
| The Labor Department also reported the prices paid for imported goods fell 1.5% in November, for the largest drop since June 2012, pulled down by the low price of oil. Economists forecast a 1.8% drop. Excluding oil, import prices fell by 0.2%. The price of U.S.-made goods exported to other nations fell by 1% in November, for the biggest decline since April. | |||||||
| U.S. retail sales rose 0.7% in November, the fastest growth in eight months, supported by autos, clothing, and other purchases, as holiday shopping got underway, according to the Commerce Department. Economists expected 0.4%. Auto sales rose 1.7% in November, the strongest result since August. Excluding autos, retail-sales growth hit 0.5% last month, the strongest result since June. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/new-jobless-claims-is-lowest-in-three-weeks-2014-12-11 | |||||||
| http://www.marketwatch.com/story/us-import-prices-drop-15-in-november-2014-12-11-8913018 | |||||||
| http://www.marketwatch.com/story/us-retail-sales-in-november-hit-fastest-growth-in-eight-months-2014-12-11 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||