Market Update Report 3/23/2017

The KUIK Market Update for Thursday, March 23:
 
Markets are up.
 
Index Direction Change Units   Time    
Dow Up                     59  points            20,720 8:13 AM    
S&P500 Up 0.4% percent             2,357      
Nasdaq Composite Up 0.3% percent             5,839      
30 Year Treasury Up                       1 Basis Points               3.02 Annual Yield    
 
The Labor Department reports new applications for unemployment benefits jumped by 15,000 to 258,000 last week.  That matched a two-month high. Economists expected 240,000. New jobless claims bottomed out at 210,000 the week of February 25 for the lowest level since December 6, 1969. Continuing claims fell 39,000 to 2 million the week ended March 11.
 
Freddie Mac reports mortgage rates are down.  30-year fixed-rate mortgage averaged 4.23% this week, down from last week’s  4.30%. A year ago it was 3.71%.  The 15-year fixed averaged 3.44% down from 3.50%. A year ago it was 2.96%.
 
The Commerce Department reports new home sales were up in February. They hit a seasonally adjusted annual rate of 592,000. That’s 6.1% higher than in January and 12.8% above February’s 2016. Economists expected only 571,000 annually. The median sales price was $296,200.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/jobless-claims-climb-15000-to-258000-2017-03-23
http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-drop-signals-continued-uncertainty-otcqb-fmcc-1302110
http://www.marketwatch.com/story/new-home-sales-roar-to-a-7-month-high-592000-annual-rate-in-february-2017-03-23
 
 
For today’s Market Update Report click to listen->

Morning Market Report 3/23/2017

The KUIK Morning Market Report for Thursday, March 23:
 
Markets are down.
 
Index Direction Change Units   Time    
Dow Down                      (10)  points            20,651 6:52 AM    
S&P500 Down -0.1% percent            2,347      
Nasdaq Composite Down -0.2% percent            5,812      
30 Year Treasury Up                         1 Basis Points              3.02 Annual Yield    
 
The Labor Department reports new applications for unemployment benefits jumped jumped by 15,000 to 258,000 last week.  That matched a two-month high. Economists expected 240,000. New jobless claims bottomed out at 210,000 the week of February 25 for the lowest level since December 6, 1969. Continuing claims fell 39,000 to 2 million the week ended March 11.
 
U.S. stock markets have become a less attractive place for companies to raise money and regulators could intervene to improve the trend. Jay Clayton is President Trump’s choice to lead the Securities and Exchange Commission. He will say that at his confirmation hearing today, according to his prepared remarks. In his testimony, Clayton notices the drop in the number of initial public offerings as some of the biggest tech companies such as Uber Technologies Inc. have chosen to stay private longer.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/jobless-claims-climb-15000-to-258000-2017-03-23
http://www.marketwatch.com/story/sec-nominee-says-market-should-be-more-ipo-friendly-2017-03-22
 
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 3/22/2017

The KUIK Closing Market Report for Wednesday, March 22:
 
Markets ended mixed.
 
Index Direction Change Units Index Time Change  
Dow Down                      (7) points         20,661 1:57 PM    
S&P500 Up 0.2% percent           2,348          4.43  
Nasdaq Composite Up 0.5% percent           5,822        27.82  
30 Year Treasury Down                      (4) basis points            3.01 Annual Yield    
 
The dollar fell to a four-month low against the yen on uncertainty over the strength of the US stock market. The dollar has fallen against the yen for seven straight sessions, losing 3.3%. The ICE Dollar Index which measures the buck against a half-dozen other currencies traded at 99.72, down less than 0.1% on the day. It hit a multiyear high of 102 in early March. 
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/dollar-at-4-month-low-against-yen-as-stocks-remain-vulnerable-2017-03-22
 
For today’s Closing Market Report click to listen->

Market Update Report 3/22/2017

The KUIK Market Update for Wednesday, March 22:
 
Markets are mixed.
 
Index Direction Change Units   Time    
Dow Down                    (35)  points            20,629 8:08 AM    
S&P500 Down 0.0% percent             2,344      
Nasdaq Composite Up 0.2% percent             5,805      
30 Year Treasury Down                      (4) Basis Points               3.01 Annual Yield    
 
Nike is off 5.9% to $54.60 a share following weaker-than-expected guidance it gave after yesterday’s close. The athletic apparel company reported worldwide futures orders, a measure of future sales, fell 4% and that it anticipates current-quarter sales growth in the mid-single-digit percentages. CEO Mark Parker said online shopping trends have made for a more competitive environment.
 
The National Association of Realtors reports existing-home sales were a seasonally adjusted 5.48 million annually in February. That was down 3.7% compared with January, which was the strongest pace in a decade. Economists expected a 5.45 million pace. Sales were 5.4% higher compared with a year ago, but supply has tightened. Inventory was 6.4% lower than in February 2016 while the median home price is 7.7% to $228,400.  At the current pace there is only 3.8 months of inventory.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
https://www.thestreet.com/story/14054920/1/stocks-open-lower-as-trump-rally-wanes-nike-weighs-on-dow.html
http://www.marketwatch.com/story/existing-home-sales-tumble-as-tight-inventory-chokes-housing-market-2017-03-22
 
 
 
For today’s Market Update Report click to listen->

Morning Market Report 3/22/2017

The KUIK Morning Market Report for Wednesday, March 22:
 
Markets are mixed.
 
Index Direction Change Units   Time    
Dow Down                      (67)  points            20,607 7:12 AM    
S&P500 Down -0.3% percent            2,338      
Nasdaq Composite Down 0.0% percent            5,791      
30 Year Treasury Down                        (5) Basis Points              3.00 Annual Yield    
 
Nike is off 5% to %54.99 a share following weaker-than-expected guidance it gave after yesterday’s close. The athletic apparel company reported worldwide futures orders, a measure of future sales, fell 4% and that it anticipates current-quarter sales growth in the mid-single-digit percentages. CEO Mark Parker said online shopping trends have made for a more competitive environment.
 
Treasury yields have fallen to their lowest levels in three weeks as congressional Republicans struggled to convince certain conservative legislators to support their plan to repeal and replace Obamacare. The controversy has prompted investors to revise their expectations for how quickly President Trump will be able to implement the sweeping fiscal reforms he promised during his campaign, including corporate-tax cuts, increased infrastructure spending, and deregulation. Republicans have proposed a bill that would roll back an expansion of Medicaid. Democrats  fear that the bill will eliminate coverage for millions of Americans. They have joined with conservative lawmakers who believe it leaves too much of Obamacare intact in opposing the legislation. 
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
https://www.thestreet.com/story/14054920/1/stocks-open-lower-as-trump-rally-wanes-nike-weighs-on-dow.html
http://www.marketwatch.com/story/treasury-yields-touch-3-week-low-as-market-uncertainty-surrounds-key-health-care-vote-2017-03-22
 
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 3/21/2017

The KUIK Closing Market Report for Tuesday, March 21:
 
Markets had a hard day.
 
Index Direction Change Units Index Time Change  
Dow Down                   (238) points         20,668 1:33 PM    
S&P500 Down -1.2% percent           2,344       (29.45)  
Nasdaq Composite Down -1.8% percent           5,794      (107.70)  
30 Year Treasury Down                      (4) basis points            3.05 Annual Yield    
 
U.S. stocks closed sharply lower Tuesday, with the S&P 500 and Dow industrials posting their biggest one-day losses since October 11. Investors turned risk averse after the first hour of trading, as financials and industrials sold off sharply. The financial sector dropped 3%, while industrials fell nearly 2%. Shares of Bank of America Corp dropped 5.8%.  The Russell 2000 index of small stocks fell more than 2.5% to close at 1,349, erasing year-to-date gains.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/us-stocks-suffer-worst-drop-in-five-months-2017-03-21?dist=markets
 
For today’s Closing Market Report click to listen->

Market Update Report 3/21/2017

The KUIK Market Update for Tuesday, March 21:
 
Markets are down.
 
Index Direction Change Units   Time    
Dow Down                   (138)  points            20,772 8:13 AM    
S&P500 Down -0.6% percent             2,359      
Nasdaq Composite Down -0.8% percent             5,855      
30 Year Treasury Down                      (3) Basis Points               3.06 Annual Yield    
 
President Donald Trump warned House Republicans on Tuesday that there could be political consequences for them next year if they don’t replace the Affordable Care Act, as he stepped up lobbying for a bill scheduled to be voted on this week. Trump met with the House GOP as conservatives said they had enough votes to block the legislation to dismantle the Affordable Care Act, also known as Obamacare. Late Monday, House leaders unveiled changes to the bill — including preventing states from expanding Medicaid — in an effort to woo undecided members.
 
European Council President Donald Tusk announced today he has asked European Union leaders, excluding British Prime Minister Theresa May, to meet April 29 to discuss Brexit. The meeting will be to agree on the guidelines for negotiations with Britain including the issues to be dealt with during the upcoming divorce negotiations. The announcement comes 24 hours after May’s government informed the EU it will trigger the start of its exit from the bloc on March 29.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/trump-tells-house-republicans-theyll-lose-in-2018-if-they-dont-replace-obamacare-2017-03-21
http://www.marketwatch.com/story/eu-sets-april-date-for-special-brexit-summit-2017-03-21
 
 
 
For today’s Market Update Report click to listen->

Morning Market Report 3/21/2017

The KUIK Morning Market Report for Tuesday, March 21:
 
Markets are up.
 
Index Direction Change Units   Time    
Dow Up                       52  points            20,955 6:47 AM    
S&P500 Up 0.3% percent            2,379      
Nasdaq Composite Up 0.3% percent            5,921      
30 Year Treasury Unchanged                       –   Basis Points              3.09 Annual Yield    
 
President Trump heads to Capitol Hill this morning to close the deal on the Republican health-care bill just two days ahead of a planned vote.  Politico writes the roll call on the health bill could determine the course of Trump’s entire first-term legislative agenda, He will huddle privately with the House Republican conference. The bill includes giving states the option of requiring able-bodied Medicaid recipients to work or participate in job-training programs. Another change would prevent states from expanding the Medicaid program, which was a concession to conservatives. And it would set aside funding for tax credits to help Americans between 50 and 64, who would see their premiums increase under the current repeal plan.
 
The U.S. current-account deficit, which measures our debt to other countries, fell 3.1% to $112.4 billion in the fourth quarter of 2016 according to the Bureau of Economic Analysis. The drop was tied to an increase in primary income which are returns on American-owned assets held abroad. That offset a larger trade deficit in goods.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/trump-heads-to-capitol-hill-to-close-deal-on-health-care-bill-gorsuch-faces-day-of-questioning-2017-03-21
http://www.marketwatch.com/story/us-current-account-deficit-falls-31-in-fourth-quarter-to-1124-billion-2017-03-21
 
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 3/20/2017

The KUIK Closing Market Report for Monday, March 20:
 
Markets were mixed.
 
Index Direction Change Units Index Time Change  
Dow Down                      (9) points         20,906 2:46 PM    
S&P500 Down -0.2% percent           2,373         (4.78)  
Nasdaq Composite Up 0.0% percent           5,902          0.53  
30 Year Treasury Down                      (2) basis points            3.09 Annual Yield    
 
The New York Fed, released part of its survey of consumer expectations.It found about 67% of consumers said they were able to come up with $2,000 in a month, meaning nearly 33% said they weren’t. The differences were most pronounced by credit score — only 11% of those with a credit score of 760 and above said they would have difficulty, versus 64% of those with a credit score of 680 and below.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/one-third-of-americans-say-theyd-have-trouble-coming-up-with-an-emergency-2000-2017-03-20
 
For today’s Closing Market Report click to listen->

Market Update Report 3/20/2017

The KUIK Market Update for Monday, March 20:
 
Markets are up.
 
Index Direction Change Units   Time    
Dow Up                     34  points            20,948 7:46 AM    
S&P500 Up 0.0% percent             2,379      
Nasdaq Composite Up 0.2% percent             5,914      
30 Year Treasury Unchanged                      –   Basis Points               3.11 Annual Yield    
 
Office of Management and Budget Director Mick Mulvaney said in an interview with NBC’s “Meet the Press” on Sunday that the fiscal 2018 budget will have the same level of deficit as projected previously under the Obama administration and noted that the Trump administration will aim to balance the budget within the next 10 years. During his campaign, President Trump said he would hold the federal budget deficit at current levels and start paying down the national debt, which stood at $19 trillion last year. Mulvaney emphasized that the Trump administration has managed to increase spending on policies promised to voters without increasing the budget deficit.
 
Stocks are down slightly as as falling oil prices weigh on shares of energy companies. April crude is off 0.9% to $48.36 a barrel. 
 
Chicago Federal Reserve President Charles Evans, in an interview with Fox Business, said that he would support four rate hikes if the economic outlook holds up and inflation accelerated.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/trumps-budget-chief-acknowledges-tough-challenge-of-eliminating-deficit-2017-03-20
http://www.marketwatch.com/story/us-stocks-fall-as-drop-in-oil-prices-weighs-on-energy-shares-2017-03-20?dist=markets
http://www.marketwatch.com/story/us-stocks-set-to-give-back-part-of-last-weeks-gain-2017-03-20?dist=markets
 
 
For today’s Market Update Report click to listen->

Morning Market Report 3/20/2017

The KUIK Morning Market Report for Monday, March 20:
 
Markets are down slightly.
 
Index Direction Change Units   Time    
Dow Down                        (2)  points            20,913 6:45 AM    
S&P500 Down -0.2% percent            2,374      
Nasdaq Composite Down -0.1% percent            5,897      
30 Year Treasury Unchanged                       –   Basis Points              3.11 Annual Yield    
 
Office of Management and Budget Director Mick Mulvaney said in an interview with NBC’s “Meet the Press” on Sunday that the fiscal 2018 budget will have the same level of deficit as projected previously under the Obama administration and noted that the Trump administration will aim to balance the budget within the next 10 years. During his campaign, President Trump said he would hold the federal budget deficit at current levels and start paying down the national debt, which stood at $19 trillion last year. Mulvaney emphasized that the Trump administration has managed to increase spending on policies promised to voters without increasing the budget deficit.
 
Stocks are down slightly as as falling oil prices weigh on shares of energy companies. April crude is off 1.3% to $48.68 a barrel. 
 
Chicago Federal Reserve President Charles Evans, in an interview with Fox Business, said that he would support four rate hikes if economic outlook held up and inflation growth accelerated.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/trumps-budget-chief-acknowledges-tough-challenge-of-eliminating-deficit-2017-03-20
http://www.marketwatch.com/story/us-stocks-fall-as-drop-in-oil-prices-weighs-on-energy-shares-2017-03-20?dist=markets
http://www.marketwatch.com/story/us-stocks-set-to-give-back-part-of-last-weeks-gain-2017-03-20?dist=markets
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 3/17/2017

The KUIK Closing Market Report for Friday, March 17:
 
Markets were down.
 
Index Direction Change Units Index Time Change  
Dow Down                    (20) points         20,915 2:48 PM    
S&P500 Down -0.1% percent           2,378         (3.13)  
Nasdaq Composite Unchanged 0.0% percent           5,901          0.24  
30 Year Treasury Down                      (2) basis points            3.11 Annual Yield    
 
A laptop belonging to a Secret Service agent was stolen yesterday exposing details about President Trump,Trump Tower, and Hillary Clinton’s emails, according to ABC News. The laptop was stolen from a female agent’s vehicle in New York City during a break-in. Police are monitoring video evidence and “expect to quickly identify the suspect.,” 
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/the-secret-services-stolen-laptop-is-a-reminder-to-us-all-to-secure-devices-2017-03-17
 
For today’s Closing Market Report click to listen->

Market Update Report 3/17/2017

The KUIK Market Update for Friday, March 17:
 
Markets are down.
 
Index Direction Change Units   Time    
Dow Down                      (7)  points            20,928 7:52 AM    
S&P500 Down -0.1% percent             2,380      
Nasdaq Composite Down -0.1% percent             5,897      
30 Year Treasury Down                      (1) Basis Points               3.12 Annual Yield    
 
The Federal Reserve reports Industrial production was unchanged in February. Economists expected a 0.3% rise. This followed a revised 0.1% decline in January, faster than the original reading of a 0.3% drop. Compared to the same period of 2015, production is up only 0.3%.  Utility output fell 5.7%, following a 5.8% drop in January. The big mover was mining output, which includes oil and gas production, it jumped 2.7% in February after January’s 2.2% gain. 
 
The University of Michigan prelimnary surver of consumer sentiment rose to 97.6 in March from 96.3 in February. Economists expected 98. The survey shows Republicans are gung-ho. Their expectations for the next six months climbed to 122.4, a level that typically signals a “new era of robust economic growth.” The expectations index for Democrats fell to 55.3, a number that usually signals “that a deep depression is imminent.”
 
The Conference Board said its leading economic index rose 0.6% in February for the third straight month of big gains to reach its highest level in more than a decade.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/industrial-output-flat-in-february-held-down-by-utility-production-2017-03-17
http://www.marketwatch.com/story/consumer-sentiment-still-running-high–except-among-democrats-2017-03-17
http://www.marketwatch.com/story/leading-indicators-reach-highest-level-in-a-decade-2017-03-17
 
 
For today’s Market Update Report click to listen->

Morning Market Report 3/17/2017

The KUIK Morning Market Report for Friday, March 17:
 
Markets are mixed.
 
Index Direction Change Units   Time    
Dow Up                       11  points            20,945 7:03 AM    
S&P500 Up 0.0% percent            2,382      
Nasdaq Composite Down 0.0% percent            5,900      
30 Year Treasury Unchanged                       –   Basis Points              3.13 Annual Yield    
 
The Federal Reserve reports Industrial production was unchanged in February. Economists expected a 0.3% rise. This followed a revised 0.1% decline in January, faster than the original reading of a 0.3% drop. Compared to the same period of 2015, production is up only 0.3%.  Utility output fell 5.7%, following a 5.8% drop in January. The big mover was mining output, which includes oil and gas production, it jumped 2.7% in February after January’s 2.2% gain. 
 
The Wall Street Journal reports The European Union has given  Facebook, Twitter, Google+ one month to address scams and fraud and bring their terms in line with the bloc’s consumer rules or face enforcement action. Terms and conditions should be “drafted in plain and intelligible language” so consumers are informed about their rights, the EU said, adding that companies cannot change them without sharing their justification and giving users the option of canceling, and that consumer protection authorities should have direct channels to the companies to flag wrongdoing.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/industrial-output-flat-in-february-held-down-by-utility-production-2017-03-17
https://www.wsj.com/articles/eu-gives-facebook-twitter-googles-parent-deadline-to-satisfy-consumer-rules-1489757342
 
 
 
For today’s Morning Market Report click to listen->

Closing Market Report 3/16/2017

The KUIK Closing Market Report for Thursday, March 16:
 
Markets were down.
 
Index Direction Change Units Index Time Change  
Dow Down                    (16) points         20,934 2:26 PM    
S&P500 Down -0.2% percent           2,381         (3.88)  
Nasdaq Composite Up 0.0% percent           5,901          0.71  
30 Year Treasury Up                       2 basis points            3.13 Annual Yield    
 
The Labor Department reports new applications for unemployment benefits last week fell by 2,000 to 241,000. Economists expected 240,000.  Continuing claims fell by 30,000 to 2.03 million in the week ended March 5.
 
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/jobless-claims-drop-2000-to-241000-2017-03-16
 
For today’s Closing Market Report click to listen->