| The KUIK Morning Market Report for Friday, September 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (57) | points | 16,992 | 7:04 AM | ||
| S&P500 | Down | -0.4% | percent | 1,989 | (8.19) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,574 | (18.19) | ||
| 30 Year Treasury | Up | 8 | Basis Points | 3.33 | Annual Yield | ||
| The Commerce Department reports sales at U.S. retailers rose in August by the largest amount since April, raising hopes for the economy in the second half of the year. Retail sales rose a seasonally adjusted 0.6% last month, or by 0.3% not counting the auto sector. Retail sales account for about one-third of consumer spending. Economists expected that 0.6% overall and by 0.2% minus autos. Sales were revised higher for June and July. Sales at General-stores and department fell and gas stations were hit by lower gasoline prices. | |||||||
| The Labor Department reports the prices paid for goods imported into the U.S. declined by 0.9% in August, the biggest drop since last November, led by lower by fuel prices, Economists forecast a 1.0% drop, following a revised 0.3% drop in July. Import prices for fuel fell 4.6% in August, the second consecutive monthly decline and the largest since June 2012. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-show-strength-in-august-2014-09-12 | |||||||
| http://www.marketwatch.com/story/us-import-price-index-down-09-in-august-2014-09-12 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||