| The KUIK Market Update for Monday, March 17: | |||||||
| Markets are up but down from their highs. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 145 | points | 16,211 | 7:47 AM | ||
| S&P500 | Up | 0.76% | percent | 1,855 | 13.91 | ||
| Nasdaq Composite | Up | 0.80% | percent | 4,279 | 34.09 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.61 | Annual Yield | ||
| The Federal Reserve reports Industrial production climbed 0.6% in February, the fastest monthly growth since August as output recovered after the harsh weather. Economists expected only 0.2%. The gain in February came as manufacturing output grew 0.8% and as mining output grew 0.3%, while utilities output fell 0.2% after a 3.8% surge in January. Capacity utilization rose to 78.8% from 78.5%. | |||||||
| The National Association of Home Builders/Wells Fargo housing-market index rose one point to 47 this month but it’s still close to the lowest level since May 2013, indicating that builders are pessimistic about sales trends. They’re worried about poor weather and trouble lots and labor. | |||||||
| The Federal Reserve’s Federal Open Market Committee meets for two days of talks on Tuesday and Wednesday. It’s the first meeting to be led by Chairman Janet Yellen. The Fed will release a policy statement and updated economic forecasts at 11 am Pacific on Wednesday, and Yellen will hold a press conference at the end of the deliberations at 11:30. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-climbs-06-in-february-2014-03-17 | |||||||
| http://www.marketwatch.com/story/home-builders-still-pessimistic-this-month-2014-03-17 | |||||||
| http://www.marketwatch.com/story/its-pledge-week-at-the-fed-2014-03-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||