| The KUIK Morning Market Report for Tuesday, April 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 7 | points | 17,989 | 7:01 AM | ||
| S&P500 | Down | -0.2% | percent | 2,088 | (4.25) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,965 | (23.36) | ||
| 30 Year Treasury | Down | (6) | Basis Points | 2.52 | Annual Yield | ||
| The Labor Department reports producer prices rose a seasonally adjusted 0.2% in March after four straight months of drops. Economists expected 0.3%. Excluding trade margins, food and energy, core wholesale prices rose 0.2%. Over the past year, overall producer prices fell 0.8%, the largest decline since the series was revamped in 2009. After hitting 2.1% last May, the 12-month rate of wholesale inflation has fallen led by lower energy prices. | |||||||
| The International Monetary Fund lowered its outlook for U.S. economic growth by 0.5% for 2015 to 3.1%, and cut its 2016 estimate by 0.2% also to 3.1%. That is still more optimistic than the Federal Reserve, which expects 2.5% growth this year. The IMF kept its global growth forecast for this year at 3.5% and increased its 2016 estimate by 0.1% to 3.6%. | |||||||
| 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/march-producer-prices-rise-02-first-gain-since-october-2015-04-14 | |||||||
| http://www.marketwatch.com/story/imf-cuts-its-us-growth-estimate-for-2015-by-a-half-point-2015-04-14 | |||||||
| http://www.marketwatch.com/story/small-business-optimism-slumps-to-nine-month-low-nfib-2015-04-14 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||