| The KUIK Market Update for Monday, December 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 134 | points | 15,890 | 7:58 AM | ||
| S&P500 | Up | 0.71% | percent | 1,788 | 12.59 | ||
| Nasdaq Composite | Up | 0.77% | percent | 4,032 | 30.84 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.86 | Annual Yield | ||
| The Federal Reserve reported that industrial production climbed 1.1% in November to reach a record high, for the biggest percentage rise since Nov. 2012, as utilities output jumped 3.9% because of a very cold month. The index reached 101.3 based on 100 in 2007. Capacity utilization rose to 79% from an upwardly revised 78.2% in October. | |||||||
| Markit reports the U.S. flash manufacturing purchasing managers’ index fell to 54.4 in December from 54.7 in November, but that still signalsd solid business conditions, . The November reading was an 8-month high. | |||||||
| Oil futures are up as markets focus on political unrest in Libya, and ahead of the Federal Reserve policy meeting tomorrow and Wednesay. A major item will be the central bank’s stimulus program. January crude oil is up 0.7%, to $97.23 a barrel on the New York Merca. Prices fell .9% last Friday and were down 1.1% for the week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-output-jumps-11-to-all-time-high-2013-12-16 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-slightly-lower-in-december-2013-12-16 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-49294/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||