| The KUIK Market Update for Wednesday, February 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 82 | points | 16,213 | 7:43 AM | ||
| S&P500 | Up | 0.28% | percent | 1,846 | 5.09 | ||
| Nasdaq Composite | Down | -0.01% | percent | 4,272 | (0.33) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.67 | Annual Yield | ||
| The Commerce Department reports construction on new single-family homes and apartments fell 16% January to a seasonally adjusted annual rate of 880,000. Poor weather hurt, according to economists polled by MarketWatch, they forecast 945,000 starts for January. | |||||||
| The Labor Department reported U.S. producer prices rose 0.2% in January under the government’s new formula for measuring wholesale inflation. Excluding food and energy, core prices 0.4%. The new PPI includes the wholesale cost of goods, but adds services, construction, government, and exports for the first time. | |||||||
| The dollar rose against the British pound after data released U.K. unemployment rose to 7.2% in the three months to December up from 7.1% in the three months to November. Economists expected the jobless number to drop to the 7% threshold that the Bank of England said in August would trigger talks about raising interest rates. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/construction-on-new-homes-dives-16-in-january-2014-02-19 | |||||||
| http://www.marketwatch.com/story/us-producer-prices-climb-02-in-january-2014-02-19-81035757 | |||||||
| http://www.marketwatch.com/story/dollar-falls-vs-pound-yen-boe-uk-jobs-eyed-2014-02-19?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||