The KUIK Morning Market Report for Friday, March 17:
Markets are mixed.
Index
Direction
Change
Units
Time
Dow
Up
11
points
20,945
7:03 AM
S&P500
Up
0.0%
percent
2,382
Nasdaq Composite
Down
0.0%
percent
5,900
30 Year Treasury
Unchanged
–
Basis Points
3.13
Annual Yield
The Federal Reserve reports Industrial production was unchanged in February. Economists expected a 0.3% rise. This followed a revised 0.1% decline in January, faster than the original reading of a 0.3% drop. Compared to the same period of 2015, production is up only 0.3%. Utility output fell 5.7%, following a 5.8% drop in January. The big mover was mining output, which includes oil and gas production, it jumped 2.7% in February after January’s 2.2% gain.
The Wall Street Journal reports The European Union has given Facebook, Twitter, Google+ one month to address scams and fraud and bring their terms in line with the bloc’s consumer rules or face enforcement action. Terms and conditions should be “drafted in plain and intelligible language” so consumers are informed about their rights, the EU said, adding that companies cannot change them without sharing their justification and giving users the option of canceling, and that consumer protection authorities should have direct channels to the companies to flag wrongdoing.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
