| The KUIK Morning Market Report for Friday, April 11: | |||||||
| Markets have opened down after yesterday’s big selloff. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (43) | points | 16,127 | 6:55 AM | ||
| S&P500 | Down | -0.2% | percent | 1,830 | (2.99) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,053 | (0.93) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.48 | Annual Yield | ||
| The Labor Department reports that U.S. wholesale prices rose a seasonally adjusted 0.5% in March, mainly because of higher costs for service providers. The price of wholesale services jumped 0.7% last month, while the cost of goods were flat. Economists polled by MarketWatch predicted a 0.1% gain. Wholesale food costs increased 1.1% last month, but energy prices fell 1.2%. | |||||||
| J.P. Morgan Chase reported a 19% drop in first-quarter profit, hurt by a decline in investment revenue and mortgage originations. Profit was down 25% in consumer & community banking to $1.9 billion, due to lower net revenue and higher provision for credit losses, partially offset by noninterest expense. Revenue feel 10% to $10.46 billion for the quarter. Deposits, auto loan originations and credit card sales volume fell, and mortgage originations plunged 68%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-advance-05-in-march-2014-04-11 | |||||||
| http://blogs.marketwatch.com/thetell/2014/04/11/live-blog-j-p-morgan-q1-earning-call/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||