| The KUIK Market Update for Tuesday, December 17: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 11 | points | 15,895 | 7:49 AM | ||
| S&P500 | Down | -0.38% | percent | 1,780 | (6.75) | ||
| Nasdaq Composite | Down | -0.31% | percent | 4,017 | (12.36) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.90 | Annual Yield | ||
| The consumer price index was unchanged in November on a seasonally adjusted basis, the Labor Department said. Economists polled by MarketWatch had expected a 0.1% increase. The price of gasoline fell, as it usually does after the end of the summer driving season, to pull down the energy index, helped by natural-gas prices which fell for fifth time in six months. Electricity costs rose and food prices rose .1% mostly because of dairy costs. Excluding food and energy core consumer prices rose 0.2%. The cost of housing, which makes up about one-third of the CPI, jumped 0.3%. | |||||||
| A bipartisan budget deal cleared a key hurdle in the Senate this morning, and advanced toward final passage. A procedural motion on the two-year agreement drew 67 yes votes and 33 no votes. The bill sets spending levels for the current and next fiscal years at just over $1 trillion and is estimated to cut the deficit by $85 billion over 10 years. A final vote is expected later this week. The House passed the agreement last week. | |||||||
| The National Association of Home Builders/Wells Fargo housing-market index reached 58 this month, up from 54 in November and is the highest level in four months led by views on current sales of single-family homes. Economists polled by MarketWatch had expected a December level of 56. Results above 50 signal that builders are optimistic about sales trends. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-unchanged-in-november-2013-12-17 | |||||||
| http://www.marketwatch.com/story/two-year-budget-deal-advances-in-senate-2013-12-17-10912848 | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-highest-in-four-months-2013-12-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||