| The KUIK Morning Market Report for Friday, July 17: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (72) | points | 18,046 | 7:02 AM | ||
| S&P500 | Down | -0.1% | percent | 2,122 | (2.49) | ||
| Nasdaq Composite | Up | 0.5% | percent | 5,190 | 26.71 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.08 | Annual Yield | ||
| The Commerce Department report housing starts in the U.S. jumped 10% in June to an annual pace of 1.17 million, led by a surge in construction on apartments which hit the highest level since 1987. Economists expected a seasonally adjusted 1.11 million. Permits for new construction, a sign of future demand, rose to an annual rate of 1.34 million – the highest level in eight years. | |||||||
| The consumer price index rose a seasonally adjusted 0.3% in June, hit by rising costs for housing, gasoline, and food. That matched expectations. Energy rose 1.7% and food increased 0.3%, according to the Labor Department. Excluding food and energy, core consumer prices rose 0.2%. Over the past 12 months the main CPI has risen by an unadjusted 0.1%, the first time it’s shown a yearly increase since December and core prices are up 1.8%. Hourly wages fell by 0.4% in June. Real hourly wages are up 1.7% in the last 12 months. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/housing-starts-jump-10-in-june-to-117-million-rate-2015-07-17 | |||||||
| http://www.marketwatch.com/story/consumer-price-index-climbs-03-in-june-2015-07-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||