| The KUIK Morning Market Report for Tuesday, March 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 72 | points | 16,318 | 7:05 AM | ||
| S&P500 | Up | 0.39% | percent | 1,866 | 7.28 | ||
| Nasdaq Composite | Up | 0.52% | percent | 4,302 | 22.11 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.63 | Annual Yield | ||
| The Labor Department reports consumer prices rose a seasonally adjusted 0.1% in February because of higher food and housing costs. Food prices jumped 0.4% in February for the biggest increase since September 2011 but they are only up 1.4% over the past year. Energy prices fell 0.5% as lower gasoline costs offset increases in fuel oil and natural gas. | |||||||
| Construction on new homes fell slightly in February, but builders filed more permits to start new projects in the coming months, mostly for condos and apartments, according to the Commerce Department. Housing starts dipped 0.2% to an annual rate of 907,000 last month from an upwardly revised 909,000 in January. Permits rose 7.7% to an annual rate of 1.02 million, the highest level since October. Permits for multi-dwelling units jumped 24.3%, but permits for single-family homes, which represents three-quarters of the housing market, fell 1.8%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-edge-up-01-in-february-2014-03-18 | |||||||
| http://www.marketwatch.com/story/housing-starts-dip-in-february-permits-up-77-2014-03-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||