| The KUIK Market Update for Friday, April 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (51) | points | 14,814 | 7:57 AM | ||
| S&P500 | Down | -0.68% | percent | 1,583 | (10.83) | points | |
| Nasdaq Composite | Down | -0.73% | percent | 3,276 | (24.18) | points | |
| 30 Year Treasury | Down | (6) | Basis Points | 2.94 | Annual Yield | ||
| The Commerce Department reported that retail sales fell 0.4% last month after a revised 1.0% gain for February. The was the biggest drop in 9 months. Sales for January were also revised to show a 0.1% drop instead of a 0.2% | |||||||
| Producer prices fell 0.6% in March as energy costs retreated after a sharp gain in February according to the Bureau of Labor Statistics. Energy prices fell 3.4% in March after a 3% gain in February. This offset a 0.8% rise in food prices. | |||||||
| The University of Michigan-Thomson Reuters consumer-sentiment gauge dropped to a preliminary April reading of 72.3, the lowest result since July, from a final March reading of 78.6. Economists polled by MarketWatch had expected a preliminary April reading of 79.3. Stocks have been rising, but consumers have faced negative news on jobs, federal spending, and higher payroll taxes. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-post-biggest-drop-in-9-months-2013-04-12 | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-retreat-in-march-2013-04-12 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-hits-nine-month-low-2013-04-12?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||