| The KUIK Morning Market Report for Friday, January 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | |||
| Dow | Up | 29 | points | 19,920 | 7:18 AM | ||
| S&P500 | Up | 0.3% | percent | 2,277 | |||
| Nasdaq Composite | Up | 0.5% | percent | 5,577 | |||
| 30 Year Treasury | Up | 6 | Basis Points | 3.02 | Annual Yield | ||
| The Labor Department reports wholesale inflation rose in December, with the producer price index up 0.3%. That matched expectations. The index is up 1.6% from a year ago for the strongest gain since September 2014 as energy prices start to head up.Excluding food, energy, and trade margins, prices were up 1.7%. | |||||||
| The Commerce Department reports retail sales rose 0.6% in December, which was below the 0.8% expected by economists. It was help by auto dealers who set a record in December. Excluding the auto sector that accounts for 20% of retail sales, sales rose only 0.2%. Internet stores were the only other retailers to post strong gains. Nonstore sales were up 1.3%. Online retailers saw a 13.2% increase in sales in 2016, taking more market share away from traditional brick-and-mortar department stores. Those stores had a 0.6% drop in sales in December and an 8.4% drop for the full year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/producer-prices-jump-along-with-energy-costs-2017-01-13 | |||||||
| http://www.marketwatch.com/story/retail-sales-climb-06-in-december-2017-01-13 | |||||||
| For today’s Morning Market Report click to listen-> | Audio Player | ||||||