| The KUIK Market Update for Friday, February 14: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 59 | points | 16,087 | 8:12 AM | ||
| S&P500 | Up | 0.22% | percent | 1,834 | 3.98 | ||
| Nasdaq Composite | Down | -0.20% | percent | 4,232 | (8.36) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.70 | Annual Yield | ||
| The Federal Reserve reports Industrial production fell 0.3% in January. The cold weather dropped manufacturing output by 0.8% and mining output by 0.9%, which offset the 4.1% surge in utilities output on heating demand. Economist expected a 0.2% gain. The Fed knocked down its fourth-quarter estimate of manufacturing production to an annual rate of 4.6% from a previous estimate of 6.2%. Capacity utilization dropped to 78.5% from 78.9%. The Fed estimates industrial capacity will expand 2.3% in 2014, after a 1.8% gain in 2013. | |||||||
| The University of Michigan/Thompson Reuters Consumer sentiment index was unchanged in February, with the preliminary reading matching January’s final level of 81.2. Economists expected 80 which helped the stock market. | |||||||
| If the economy has you depressed, maybe its time to get away from it all and take a vacation. Luxury travel company Abercrombie & Kent partnered with private jet firm Flexjet to offer a two-week private jet vacation that starts at $1.5 million. That’s $750,000 for the jet and at least $750,000 for the hotels and tours. Bon voyage! | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-drops-03-in-january-2014-02-14 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-unchanged-in-february-2014-02-14?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/the-14-day-private-jet-trip-that-starts-at-15-million-2014-02-14?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||