| The KUIK Market Update for Tuesday, April 14: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (39) | points | 17,939 | 8:09 AM | ||
| S&P500 | Down | -0.1% | percent | 2,090 | (2.81) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,963 | (24.94) | ||
| 30 Year Treasury | Down | (8) | Basis Points | 2.50 | Annual Yield | ||
| The Commerce Department reports retail sales rose a seasonally adjusted 0.9% in March for the strongest gain in a year. That was slightly lower than the 1.1% gain forecast by economists. Auto sales were up 2.7%, for the biggest gain in a year. Auto dealers hit a 17.1 million vehicle annual sell rate, rebounding after a snow bound February. Excluding autos, retail sales were up 0.4%. Economists expected a 0.7% gain. | |||||||
| New Jersey Governor Chris Christie is expected to call for reduced Social Security benefits for seniors earning over $80,000 and eliminate it entirely for individuals making $200,000 and up, along with raising the retirement age to 69 from 67. The potential Republican presidential candidate is slated to talk about the need to overhaul Social Security, Medicaid, Medicare, and disability insurance in the speech today at the New Hampshire Institute of Politics. | |||||||
| The National Federation of Independent Business said its small-business optimism index fell 2.8 points to 95.2, the lowest reading since June. All 10 of its subcomponents fell. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/retail-sales-rebound-after-three-weak-months-2015-04-14 | |||||||
| http://www.marketwatch.com/story/christie-to-call-for-raising-age-for-social-security-cutting-benefit-for-some-seniors-2015-04-14 | |||||||
| http://www.marketwatch.com/story/small-business-optimism-slumps-to-nine-month-low-nfib-2015-04-14 | |||||||
| For today’s Market Update Report click to listen-> | |||||||