| The KUIK Market Update for Tuesday, November 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 40 | points | 17,688 | 8:08 AM | ||
| S&P500 | Up | 0.4% | percent | 2,050 | 8.23 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,696 | 25.22 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.05 | Annual Yield | ||
| The Labor Department reports U.S. producer prices rose a seasonally adjusted 0.2% in October. Economists expected a 0.1% decrease because of the drop in oil prices. Excluding the volatile categories of trade margins, food and energy, core wholesale prices rose a smaller 0.1%. Services climbed 0.5% for the biggest increase in more than a year. The wholesale costs of goods fell by 0.4% for the biggest drop in a year and a half. Energy fell by a seasonally adjusted 3%. Over the past year overall producer prices have risen an unadjusted 1.5%, the smallest advance since February. | |||||||
| Confidence among home builders rose four points to 58, hitting close to the highest level in nine years, according to National Association of Home Builders/Wells Fargo. Readings above 50 indicate that builders are optimistic about sales trends. November marks the fifth consecutive month above 50. | |||||||
| House Democrats this morning re-elected Representative Nancy Pelosi to a two-year term as House minority leader, according to the Associated Press. Pelosi, a California Democrat, was re-elected by voice vote, according to a Democrat who was in the meeting. Pelosi, age 74, has been the leader of the House Democrats since 2003. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/october-producer-prices-up-02-but-broad-inflation-pressures-muted-2014-11-18 | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-rebounds-close-to-nine-year-high-2014-11-18 | |||||||
| http://www.marketwatch.com/story/house-democrats-re-elect-pelosi-as-minority-leader-2014-11-18-10912419 | |||||||
| For today’s Market Update Report click to listen-> | |||||||