| The KUIK Morning Market Report for Wednesday, July 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 40 | points | 17,101 | 6:54 AM | ||
| S&P500 | Up | 0.3% | percent | 1,980 | 6.29 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,440 | 23.19 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.37 | Annual Yield | ||
| Industrial production rose a seasonally adjusted 0.2% in June to take the second-quarter rise to an annual rate of 5.5%, according to the Federal Reserve. Economists expected a 0.3% rise, and there was a mix of upward and downward revisions going back to February. Manufacturing output rose 0.1%, mining output climbed 0.8% while utilities output dropped 0.3%. Capacity utilization stayed at 79.1%, slightlybelow the 79.2% consensus. | |||||||
| 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. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-rises-slower-than-forecast-02-in-june-2014-07-16 | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-resume-upward-trend-in-june-2014-07-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||