The KUIK Morning Market Report for Tuesday, June 13:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
38
points
21,274
7:14 AM
S&P500
Up
0.3%
percent
2,436
6.38
Nasdaq Composite
Up
0.6%
percent
6,210
34.37
30 Year Treasury
Up
1
Basis Points
2.88
Annual Yield
The National Federation of Independent Business reports its small-business optimism index was unchanged from April at May’s seasonally adjusted 104.5, slightly above the consensus forecast of 104. NFIB President Juanita Duggan said small business owners are still optimistic that tax reform and health-care reform will pass Congress. Small-business confidence surged in December by the largest amount in the survey’s 40-year history. In May, five of the 10 index components gained, four fell and one was unchanged. Only a net 28% of owners report plans to make capital outlays, which is below historic levels.
The Labor Department reports the producer price index was unchanged in May, following a 0.5% increase in April. That matched economists expectations. The 12-month rate of wholesale inflationwas 2.4% in May, up from zero a year earlier and just below its five-year high. The Federal Reserve is expected to raise U.S. interest rates this week because of a rebound in inflation.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
