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Midday Market Report: 12/13/12

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  • Description

    Jobless benefits take a deep plunge

  • Duration 1:28
  • Date

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The -- out pouring in on Wall Street and most of it pretty good first.

Claims for jobless benefits took -- deep lines to 343000.

Last week.

The second lowest total this year.

Second retail sales rose last month at three tenths of 1%.

They gains were widespread except that department stores and I was eighteen month not only the start to -- holiday shopping season.

But it was also affected by -- -- sandy.

And third and very -- dropping gas prices pushed wholesale inflation down.

The so called Producer Price Index fell eight tenths 1% in November that was the steepest drop since -- That's important the Federal Reserve said Wednesday it will keep interest rates at historic lows so long as inflation doesn't rise to -- comfortable levels.

Bank of America Merrill Lynch is bullish on the economy in their analysts are -- S&P 500.

As 16100.

Price target by the end of next year and that would be a record high.

They also say the US housing recovery will build momentum which will eventually stimulate jobs to construction and related sectors like -- Google is back on the Apple iPhone it was booted as a preloaded app on the phone three months ago.

And replaced with Apple's own -- sat back a terrible reviews so now Google Maps is back available for download.

In the apple App Store for free.

That's Moreland on foxbusiness.com.

In New York -- --

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