The KUIK Closing Market Report for Wednesday, February 17:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 257 points 16,454 1:42 PM
S&P500 Up 1.7% percent 1,927 31.24
Nasdaq Composite Up 2.2% percent 4,534 98.11
30 Year Treasury Up 5 Basis Points 2.69 Annual Yield
The Labor Department reports the producer price index rose 0.1% in January, a stronger reading than the 0.2% drop expected by economists. The core price index, which strips out the volatile categories of food and energy, was up 0.4% for the month and 0.6% compared to a year ago. Wholesale prices up more than expected could be a sign that the global commodities glut may be ending.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/producer-price-index-rises-01-defying-expectations-for-another-decline-2016-02-17?dist=afterbell
For today’s Closing Market Report click to listen->