| The KUIK Morning Market Report for Friday, March 13: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (59) | points | 17,837 | 6:56 AM | ||
| S&P500 | Down | -0.3% | percent | 2,060 | (5.68) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,893 | (0.37) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.70 | Annual Yield | ||
| The Labor Department reports the producer price index fell a seasonally adjusted 0.5% in February. Economists expected a 0.4% gain. Wholesale inflation was unchanged if energy, food, and trade margins are taken out. A record 1.5% drop in trade margins accounted for most of the drop. Over the past year, producer prices have fallen by 0.6%, the first 12-month drop on record. The decline stems mainly from a more than 50% drop in the price of oil from last July through early January. | |||||||
| Freddie Mac reports the average rate on the 30-year fixed rate mortgage for the week ended March 12 rose to 3.86% up from 3.75% last week. A year ago it was at 4.37%. The 15-year fixed rose to 3.10% up from 3.03%. A year ago it was at 3.38%. | |||||||
| Crude-oil futures fell today on a report from the International Energy Agency, said oil prices remain fragile due to continuing production by U.S. shale-oil producers. April crude is off 2.2% to $46.07 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/producer-price-report-suggests-little-inflation-in-the-pipeline-2015-03-13 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/mortgage-rates-move-higher-on-strong-jobs-report-otcqb-fmcc-1181384 | |||||||
| http://www.marketwatch.com/story/oil-sinks-after-iea-refers-to-price-stability-as-a-facade-2015-03-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||