The KUIK Morning Market Report for Tuesday, November 14:
Markets are down.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(123)
points
23,317
7:21 AM
S&P500
Down
-0.5%
percent
2,572
F
Nasdaq Composite
Down
-0.5%
percent
6,727
F
30 Year Treasury
Down
(3)
Basis Points
2.84
Annual Yield
The optimism tracker for October from the National Federation of Independent Business rose to 103.8 from September’s 103. Economists expected 105. Four of the sub-gauges rose, five fell, and one was unchanged. The biggest moves up were "Now is a good time to expand" and "Expect real sales higher."
Inflation seems to be on the rise. The Labor Department reports the producer price index rose 0.4% in October, well above the 0.1% expected by economists. The core rate, which strips out food, energy and trade margins, rose 0.2% for the third straight month. The increase pushed up the 12-month rate of wholesale inflation to 2.8%, the highest since February 2012. The gain was widespread and came despite soft energy prices. The price of goods rose 0.3% , led by pharmaceuticals, which increased 2.1%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
