| The KUIK Morning Market Report for Wednesday, February 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 48 | points | 16,178 | 7:01 AM | ||
| S&P500 | Up | 0.06% | percent | 1,842 | 1.10 | ||
| Nasdaq Composite | Down | -0.26% | percent | 4,262 | (11.26) | ||
| 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. Starts fell in three of four regions, down 68% in the Midwest to a record low, down 17% in the West, down 13% in the South, but up 62% in the Northeast. | |||||||
| The Labor Department reported U.S. producer prices rose 0.2% in January under the government’s new formula for measuring wholesale inflation. The new index is supposed to be more sensitive to to consumer inflation. Excluding food and energy, core prices 0.4%. Pharmaceutical drugs increased 2.7%, while gasoline fell 1.3%. The new PPI includes the wholesale cost of goods, but adds services, construction, government, and exports for the first time. | |||||||
| 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 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||