| The KUIK Morning Market Report for Thursday, February 20: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (14) | points | 16,028 | 7:02 AM | ||
| S&P500 | Down | -0.06% | percent | 1,828 | (1.18) | ||
| Nasdaq Composite | Down | -0.09% | percent | 4,234 | (4.02) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 3.71 | Annual Yield | ||
| The U.S. flash purchasing managers’ index rose to 56.7 in February, up from January’s three month low of 53.7, for the fastest overall improvement in conditions since May 2010. Readings above 50 indicate expansion. The report showed the largest rise in backlogs of work seen since prior to the financial crisis, as well as drop in inventories. | |||||||
| Americans paid slightly higher prices for consumer goods and services in January, mostly for housing and the cost to heat and power their homes during an unusually cold month. The Labor Department reported the consumer price index rose by a seasonally adjusted 01% last month, which matched expectations. Energy prices climbed 0.6%, with electricity up 1.8%, natural gas up 3.6%, but a 1% drop in gasoline. | |||||||
| The HSBC/Markit preliminary version of its monthly China manufacturing Purchasing Managers’ Index for February dropped to 48.3, missing expectations that it would stay at its final January level of 49.5, according to Bloomberg. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-jumps-to-567-in-february-2014-02-20 | |||||||
| http://www.marketwatch.com/story/energy-costs-lift-consumer-prices-in-january-2014-02-20 | |||||||
| http://www.marketwatch.com/story/china-manufacturing-index-falls-more-than-expected-2014-02-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||