| The KUIK Market Update for Wednesday, July 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 34 | points | 17,095 | 8:06 AM | ||
| S&P500 | Up | 0.2% | percent | 1,977 | 4.20 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,429 | 12.16 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.35 | Annual Yield | ||
| The Labor Department reports the producer price index increased a seasonally adjusted 0.4% in June after a 0.2% decline in May, . Economists expected a 0.3% increase. Excluding the volatile categories of food, energy “core” wholesale prices rose a smaller 0.2%. The price of goods advanced 0.5% in June, led by the biggest increase in gasoline since the fall of 2012. Wholesale drug prices also rose while the cost of food fell 0.2%, mostly because of lower grain and cheese prices. | |||||||
| Homebuilders are happier. The overall builder housing-market index rose four points to 53 in July, according to the National Association of Home Builders and Wells Fargo. Readings above 50 signal that builders, generally, are optimistic about sales trends. July’s result follows five months of pessimism. Economists expected July to be 50, compared with 49 in June. A strengthening labor market is perking up builders, said David Crowe, NAHB’s chief economist. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-resume-upward-trend-in-june-2014-07-16 | |||||||
| http://www.marketwatch.com/story/home-builders-are-optimistic-for-first-time-in-six-months-2014-07-16 | |||||||
| For today’s Market Update Report click to listen-> | |||||||