| The KUIK Morning Market Report for Monday, March 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 175 | points | 17,923 | 7:01 AM | ||
| S&P500 | Up | 0.9% | percent | 2,072 | 18.63 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,908 | 36.20 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.66 | Annual Yield | ||
| Industrial production rose a seasonally adjusted 0.1% in February, according to the Federal Reserve. Economists expected a 0.3% rise. Details were weak weak. January was revised to a negative 0.3% down from the prior estimate of a 0.2% gain. In February, manufacturing output fell 0.2% for the third straight monthly drop. Auto and auto part manufacturing fell 3%. Utilities output jumped 7.3% on cold weather in the month. Mining output dropped 2.5% on continued weakness in oil and gas well drilling. Capacity utilization fell to 78.9% from 79.1%, below the 79.6% consensus. | |||||||
| The New York Fed reports the Empire State manufacturing index fell to 6.9 in March, down from February’s 7.8. Economists expected 8.5. Readings above zero indicates improving conditions. New orders were negative, and shipments were also weaker. But the employment index showed a solid gain. The six-month outlook improved only slightly to 30.7 in March after falling to a two-year low of 26 in February. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-inches-up-01-in-february-2015-03-16 | |||||||
| http://www.marketwatch.com/story/empire-state-factory-gauge-moves-down-to-69-in-march-2015-03-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||