| The KUIK Morning Market Report for Tuesday, March 24: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (27) | points | 18,091 | 7:01 AM | ||
| S&P500 | Down | 0.0% | percent | 2,104 | (0.21) | ||
| Nasdaq Composite | Up | 0.1% | percent | 5,018 | 7.17 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.50 | Annual Yield | ||
| The consumer price index climbed by a seasonally adjusted 0.2% last month, according to the the Labor Department. Gasoline prices rebounded in early 2015, with the cost of oil stabilizing at around $50 a barrel after selling for more than $100 last summer. If food and energy are excluded, core consumer inflation has risen at a 1.7% annual rate over the past 12 months. The Federal Reserve is more likely to raise interest rates if inflation starts to move steadily higher. | |||||||
| The Federal Housing Finance Agency reports house prices rose a seasonally adjusted 0.3% in January. The index is calculated from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. It is up 5.1% from January 2014. | |||||||
| The initial reading of the Markit manufacturing purchasing managers index unexpectedly rose to 55.3 in March up from 55.1 in February, for the highest reading since October. Economists expected a small decrease. New orders increased at the fastest pace in five months despite slower export sales. Readings above 50 indicate improving conditions. The rate of growth is still down from last year’s peaks. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumers-pay-higher-prices-in-february-for-first-time-in-four-months-2015-03-24 | |||||||
| http://www.marketwatch.com/story/house-prices-up-03-in-january-fhfa-says-2015-03-24 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-rises-to-553-in-march-2015-03-24?link=MW_latest_news | |||||||
| For today’s Morning Market Report click to listen-> | |||||||