| The KUIK Market Update for Monday, December 15: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (8) | points | 17,273 | 7:36 AM | ||
| S&P500 | Up | 0.1% | percent | 2,004 | 1.26 | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,649 | (4.83) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 2.75 | Annual Yield | ||
| The Federal Reserve reports industrial production grew 1.3% in November, better than the 0.9% forcast by economists. Production is up 5.2% over the past year. manufacturing output grew 1.1%, utilities output gained 5.1%, while mining, including oil and natural gas, fell 0.1%. Consumer goods production jumped 2.5%, the largest since August 1998. Automotive products and parts, up 7.7% in the past year, rose 5.1% in November. Capacity utilization rose to 80.1% from an upwardly revised 79.3% in October. This is the highest level since March 2008 and back to its long-run average. | |||||||
| Confidence of home builders fell this month by one point to 57, staying close to the highest level in nine years, according to National Association of Home Builders and Wells Fargo. Readings above 50 signal that builders are optimistic about sales trends. December is the sixth consecutive month above 50. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-surges-in-november-2014-12-15 | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-ticks-down-one-point-to-57-in-december-2014-12-15-109104 | |||||||
| For today’s Market Update Report click to listen-> | |||||||