| The KUIK Morning Market Report for Friday, August 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 51 | points | 16,765 | 7:13 AM | ||
| S&P500 | Up | 0.4% | percent | 1,963 | 7.99 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,482 | 28.57 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.17 | Annual Yield | ||
| The Federal Reserve Bank of New York reports the Empire State manufacturing survey fell to 14.7 in August after hitting a four-year high of 25.6 in July. Economists expected a 20.0. Readings above zero indicate improving conditions. New orders index fell while shipments increased slightly. Both the indexes for prices paid and prices received rose . The index for future conditions climbed 18 points to 46.8, the highest level in two-and-a-half years. | |||||||
| U.S. producer prices rose 0.1% in July, or a second consecutive month of gains, according to the Labor Department. That matched expectations. Excluding the volatile categories of food and energy, the “core” producer prices rose 0.2%. Overall producer prices rose 1.7% over the 12 months that ended in July, down from June’s annual-growth rate of 1.9%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/august-empire-state-index-retreats-from-4-yr-high-2014-08-15 | |||||||
| http://www.marketwatch.com/story/producer-prices-post-low-inflation-in-july-2014-08-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||