Market Update Report 11/18/2014 – Beacon Rock Wealth Advisors

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
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