| The KUIK Morning Market Report for Friday, February 15: | |||||||
| Markets are up up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 27 | points | 14,000 | 7:05 AM | ||
| S&P500 | Up | 0.18% | percent | 1,524 | 2.73 | points | |
| Nasdaq Composite | Up | 0.21% | percent | 3,205 | 6.78 | points | |
| 30 Year Treasury | Down | (0) | Basis Points | 3.18 | 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. | |||||||
| Manufacturing in the New York area had a big improvement. The Fed reported the Empire State index jumped to 10 in February from negative 7.8 in the prior month. The improvement was larger than expected. Economists surveyed by MarketWatch had expected the index to go to negative 2. | |||||||
| 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. | |||||||
| 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/manufacturing-improves-in-new-york-2013-02-15 | |||||||
| http://www.marketwatch.com/story/umich-consumer-sentiment-rises-in-february-2013-02-15 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||