| The KUIK Market Update for Tuesday, August 13: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (57) | points | 15,363 | 8:07 AM | ||
| S&P500 | Down | -0.23% | percent | 1,686 | (3.88) | ||
| Nasdaq Composite | Up | 0.30% | percent | 3,659 | (1.66) | ||
| 30 Year Treasury | Up | 9 | Basis Points | 3.75 | Annual Yield | ||
| Prices for U.S. imports rose 0.2% in July, after decreasing in each of the previous 4 months, according to the Labor Department. The July upturn was driven by rising fuel prices which more than offset lower nonfuel prices. Economists polled by MarketWatch expected a 0.8% increase. | |||||||
| The Commerce Department reports sales at U.S. retailers increased 0.2% in July, the fourth straight monthly gain. Economists surveyed by MarketWatch expected total sales to rise 0.3%. Sales rose an upwardly revised 0.6% in June, compared with the prior estimate of a 0.4% gain. | |||||||
| The skies got unfriendly. The Justice Department announced it has filed a civil antitrust lawsuit challenging the proposed $11 billion merger between US Airways Group and AMR the parent corporation of American Airlines. The department said in a statement “that the merger, which would result in the creation of the world’s largest airline, would substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares and receiving less service.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-import-prices-rise-02-in-july-2013-08-13 | |||||||
| http://www.marketwatch.com/story/us-retail-sales-post-02-gain-in-july-2013-08-13 | |||||||
| http://www.marketwatch.com/story/nfib-small-business-optimism-edges-up-in-july-2013-08-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||