The KUIK Morning Market Report for Tuesday, January 15: |
|
Markets are down on earnings worries. |
|
Index |
Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Down |
(34) |
points |
13,473 |
6:54 AM |
|
|
S&P500 |
Down |
-0.4% |
percent |
1,465 |
|
(5.71) |
points |
Nasdaq Composite |
Down |
-0.7% |
percent |
3,095 |
|
(22.23) |
points |
30 Year Treasury |
Down |
(4) |
Basis Points |
3.00 |
Annual Yield |
|
|
|
The Commerce Department says retail sales rose more than projected in December as Americans wrapped up their holiday shopping. The 0.5 percent gain followed a revised 0.4 percent increase in November that was more than previously reported. Economists expected a 0.2 percent rise. Sales excluding automobiles and gasoline climbed 0.6 percent for a second month. |
|
Inflation seems under control. Led by lower food prices, overall U.S. producer prices fell a seasonally adjusted 0.2% in December, marking another month of low inflationary pressure at the wholesale level according to the Labor Department. Core producer prices, which exclude the volatile categories of food and energy, rose 0.1% last month, led by cigarettes. |
|
U.S. home prices edged up 0.3% in November to take the year-on-year gain to 7.4%, the biggest annual gain since May 2006, CoreLogic said today. The year-on-year rise is the ninth consecutive gain. Leaving out distressed sales, home prices are up 6.7% year-on-year. |
|
|
|
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. |
|
http://www.bloomberg.com/news/2013-01-15/retail-sales-in-u-s-increased-more-than-forecast-in-december.html |
http://www.marketwatch.com/story/us-producer-prices-decline-led-by-food-2013-01-15 |
http://www.marketwatch.com/story/us-nov-home-prices-edge-up-03-corelogic-2013-01-15 |
|
|
For today’s Morning Market Report click to listen-> |
https://beaconrwa.com/audio/Morning-Market-Report.mp3 |