| The KUIK Morning Market Report for Wednesday, April 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 99 | points | 16,366 | 7:04 AM | ||
| S&P500 | Up | 0.42% | percent | 1,851 | 7.82 | ||
| Nasdaq Composite | Up | 0.48% | percent | 4,053 | 19.26 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.49 | Annual Yield | ||
| The Commerce Department reports construction on new homes in March hit the fastest pace in three months, rising 2.8% to a seasonally adjusted annual rate of 946,000, led by single-family homes. But that missed expectations. Economists expected 990,000 starts. Despite March’s gain, starts are down 5.9% from a year ago, for the widest annual contraction since April 2011. Permits, a sign of future demand, fell 2.4% to an annual rate of 990,000, led by a drop for apartments. | |||||||
| The Federal Reserve reports industrial production grew 0.7% in March, above the 0.5% forecast, and February was revised to 1.2% from an initially reported 0.7%. The gains mean that production grew an annualized 4.4% in the first quarter. Capacity utilization rose in March to 79.2% from an upwardly revised 78.8% in February. | |||||||
| Chinese government data showed gross domestic product expanded 7.4% in the first quarter compared with the same period a year earlier. That’s down from a growth rate of 7.7% in the last quarter and below the Chinese target of 7.5%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-rise-in-march-to-946000-annual-rate-2014-04-16 | |||||||
| http://www.marketwatch.com/story/march-industrial-production-climbs-07-tops-forecast-2014-04-16 | |||||||
| http://www.marketwatch.com/story/gold-copper-edge-higher-on-relief-over-china-data-2014-04-16?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||