| The KUIK Market Update for Tuesday, January 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 44 | points | 16,305 | 7:42 AM | ||
| S&P500 | Up | 0.51% | percent | 1,828 | 9.25 | ||
| Nasdaq Composite | Up | 0.84% | percent | 4,148 | 34.63 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.79 | Annual Yield | ||
| The Commerce Department reports retail sales rose 0.2% in December. The year as a whole was below expectations. Sales rose by 4.2%, marking the smallest annual gain since the recession ended in mid-2009. In December, sales jumped 1.4% at Internet retailers, 2% for food and beverage stores and 1.8% for clothes outlets. The spike in sales for food and drinks followed two straight declines. Sales also rose 1.6% at gas stations to reflect somewhat higher prices at the pump last month. Sales at auto dealerships, meanwhile, dropped 1.6%. Auto dealers attracted lots of buyers in November with big discounts, likely cutting into the sales that might have occurred in December.. Autos account for about one-quarter of all retail sales. | |||||||
| The Labor Department reports prices of goods imported into the U.S. were unchanged in December and they fell 1.3% for the full year. Lower costs of everything but fuel offset a 0.4% increase in fuel imports in December. The fuel index fell 4.3% in November and 3.3% in October to reflect the declining cost of oil and lower prices at the gas pump. The U.S. export index, meanwhile, rose 0.4% in December but fell 1.0% for the full year, a result of weak growth among U.S. trading partners. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retailers-sales-rise-mildly-in-december-2014-01-14 | |||||||
| http://www.marketwatch.com/story/us-import-price-index-flat-in-december-2014-01-14 | |||||||
| For today’s Market Update Report click to listen-> | |||||||