Market Update Report 2/15/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Friday, February 15:

Markets are up slightly

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	14	points	13,988	7:50 AM
S&P500	Up	0.06%	percent	1,522		0.94	points
Nasdaq Composite	Up	0.07%	percent	3,201		2.37	points
30 Year Treasury	Up	1	Basis Points	3.19	Annual Yield

The Federal Reserve reported industrial production was off 0.1% in January after gains of 1.4% in November and 0.4% in December. Industrial output is up 2.1% compared to January 2012, similar to the rate of growth for the overall economy. Both output and utilization remain below pre-recession levels.

Marketwatch reports the University of Michigan-Thomson Reuters consumer-sentiment gauge rose to a preliminary February reading of 76.3–the highest level since November–from a final January reading of 73.8. Economists expected a February reading of 75, due to higher stock prices, though there are also negative factors, such as ongoing fiscal uncertainty, and higher payroll taxes and gas prices.

Workers are increasingly likely to leave their jobs because they’ve quit, as opposed to being laid off or fired, a trend that could mean good news for spending. The “take this job and shove it” indicator created by ConvergEx Group, shows that quitters accounted for 53% of all job separations in December, the highest share since June 2008, according to data released this week by the U.S. Department of Labor.



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

http://www.marketwatch.com/story/industrial-production-slips-in-january-2013-02-15-91035451
http://www.marketwatch.com/story/umich-consumer-sentiment-rises-in-february-2013-02-15
http://www.marketwatch.com/story/workers-increasingly-likely-to-quit-2013-02-15?dist=lcountdown


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