The KUIK Morning Market Report for Tuesday, February 14:
Markets are flat.
Index
Direction
Change
Units
Time
Dow
Down
(0)
points
20,412
7:13 AM
S&P500
Down
-0.1%
percent
2,325
Nasdaq Composite
Down
-0.1%
percent
5,760
30 Year Treasury
Up
1
Basis Points
3.04
Annual Yield
The National Federation of Independent Business said its survey of small business sentiment rose 0.1 in January, to 105.9. Economists expected a drop to 104.5. December’s 7.4-point surge was the the biggest in the forty year history of the survey. Of 10 index components, five increased and five decreased in January. Current job openings and plans to increase employment were both up, but expects the economy to improve fell.
The Commerce Department repots wholesale inflation as measured by the Producer Price Index jumped 0.6% in January, for the largest advance since the fall of 2012, mostly due to the higher price of gasoline. Economists expected 0.3% gain. Inflationary pressure is building after several years of weak or declining prices. Over the past 12 months wholesale costs have risen 1.6%. As recently as a year ago they were negative. But food prices are flat compared to a year ago.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
