| The KUIK Morning Market Report for Monday, December 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 82 | points | 17,363 | 6:52 AM | ||
| S&P500 | Up | 0.7% | percent | 2,016 | 13.45 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,684 | 30.11 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.78 | 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 in November 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. | |||||||
| The Empire State manufacturing index, the first of the regional manufacturing gauges to be released, fell to negative 3.6 in December from 10.2 in November, according to the New York Fed Federal Reserve. This is the first negative since January 2013 and surprised analysts. Economists expected a move higher to 12.0. Readings above zero indicate improving conditions. | |||||||
| 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/empire-state-index-falls-to-negative-36-in-december-2014-12-15-891304 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||