| The KUIK Market Update for Friday, June 14: | |||||||
| Markets are up slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | 61 | points | 15,113 | 8:05 AM | ||
| S&P500 | Down | -0.42% | percent | 1,631 | (5.53) | points | |
| Nasdaq Composite | Down | -0.43% | percent | 3,431 | (14.62) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 3.29 | Annual Yield | ||
| The Labor Department reported wholesale prices rose in May for the first time in three months, caused by higher costs for gasoline, eggs, and light trucks. The producer price index climbed a seasonally adjusted 0.5% last month Economists polled by MarketWatch expected only a .1% increase. The spike follows drops of 0.7% in April and 0.6% in March that were mostly due to falling gasoline prices. Gas prices rose in May, to push overall energy costs 1.3% higher | |||||||
| The Federal Reserve reported industrial production was unchanged in May, the second straight weak reading. Economists expected a .1% increase. | |||||||
| After hitting a six year high in May, the University of Michigan/Thomson Reuters’s consumer-sentiment index fell to a preliminary June reading of 82.7 from May’s 84.5. Leading the drop was consumers’ views on current conditions. It fell to 92.1 in June from 98 in May and probably reflects concern over rising gas prices. | |||||||
| Crude oil rose on that wholesale prices report. July crude is up 1.2%, to $97.85 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-jump-05-in-may-2013-06-14 | |||||||
| http://www.marketwatch.com/story/us-industrial-output-flat-in-may-2013-06-14-9103386 | |||||||
| http://www.marketwatch.com/story/oil-futures-wobble-but-aim-for-weekly-rise-2013-06-14?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||