| The KUIK Market Update for Friday, December 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (150) | points | 17,446 | 7:56 AM | ||
| S&P500 | Down | -0.8% | percent | 2,020 | (15.22) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,685 | (23.34) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 2.78 | Annual Yield | ||
| China’s National Bureau of Statistics said today that industrial production growth was 7.2% year-over-year in November, below market expectations and down from 7.7% in October. Retail sales grew 11.7%, a slight increase from the 11.5% reported in October. | |||||||
| Consumer sentiment in December hit the highest reading since January 2007. The University of Michigan Thomson Reuters consumer sentiment index rose to a preliminary reading of 93.8 up from 88.8 in November. Economists expected 89.6. | |||||||
| About 56,000 U.S. properties started the foreclosure process in November, according to RealtyTrac. That’s down 1% from October 2014, but a 6% increase from a year ago, the first increase in 27 months of falling foreclosure activity. While foreclosure auctions fell in November, down 16% from October to about 50,000, they remained close to October’s mark, which was an 18-month high and up 5% from a year ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/november-producer-prices-down-02-2014-12-12 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-jumps-in-december-to-nearly-eight-year-high-2014-12-12 | |||||||
| http://www.marketwatch.com/story/foreclosure-proceedings-rise-for-first-time-since-2012-2014-12-11?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||