| The KUIK Morning Market Report for Friday, April 17: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (230) | points | 17,878 | 7:01 AM | ||
| S&P500 | Down | -0.9% | percent | 2,086 | (19.05) | ||
| Nasdaq Composite | Down | -1.2% | percent | 4,948 | (59.48) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 2.57 | Annual Yield | ||
| New regulations out of China today allowed fund managers to lend shares for short-selling and will also expand the number of stocks investors can sell short. The moves were announced by the Securities Association of China with the goal of increasing the supply of securities and cooling down markets. Government stimulus and a buying frenzy have driven the Shanghai Composite index 33% so far this year while the Hong Kong Hang Seng index 17%. The news drove sharp losses for Chinese stock-index futures, which in turn triggered drops in U.S. stock futures and European markets. | |||||||
| The Labor Department reports U.S. consumer prices rose 0.2% in March, matching February’s gain. Gasoline prices rose 3.9% the largest jump since February 2013. The Energy category increased 1.1% but food prices slipped 0.2% in March after a 0.2% gain in February. Core CPI, which excludes energy and food, rose 0.2% due to higher cost of housing and used cars. Analysts expected the overall CPI to increase 0.3%and for the core reading to increase 0.2%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-regulators-to-allow-short-selling-by-fund-managers-2015-04-17 | |||||||
| http://www.marketwatch.com/story/consumer-prices-move-up-in-march-for-second-month-2015-04-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||