Morning Market Report 12/22/2014 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Monday, December 22:

Markets are up.

Index	Direction	Change	Units		Time	Change
Dow	Up	76	points	17,881	6:53 AM
S&P500	Up	0.1%	percent	2,072		1.35
Nasdaq Composite	Up	0.2%	percent	4,773		8.01
30 Year Treasury	Up	0	Basis Points	2.78	Annual Yield

Economic growth improved in November, according to the Chicago Fed national activity index rout today. The index rose to 0.73 from an upwardly revised 0.31 in October. The index is a weighted average of 85 different economic indicators. Readings above zero indicate above-trend growth.

After a brief rally, crude-oil prices fell today, as a production glut continues to hammer the oil market. Over the weekend, the Saudi energy minister Ali al-Naimi said that Saudi Arabia will maintain its oil production and may even increase it if a new client emerges. February crude fell 1.4% to $56.31 a barrel on the the New York Merc.

President Obama ordered a 1% pay raise for federal workers for 2015. The across-the-board pay increase decision came just before he left for his holiday vacation in Hawaii. It matches last year’s increase and comes after federal salaries were frozen for three years in the wake of the financial crisis. Leaders of government employee unions complained the pay raise was too small.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/economic-growth-jumps-in-november-chicago-fed-national-activity-index-shows-2014-12-22
http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-75347/
http://www.marketwatch.com/story/obama-gives-federal-workers-small-pay-raise-2014-12-20


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