The KUIK Morning Market Report for Wednesday, January 17:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
90
points
25,883
7:09 AM
S&P500
Up
0.2%
percent
2,781
(0.02)
Nasdaq Composite
Up
0.2%
percent
7,241
(8.63)
30 Year Treasury
Down
(1)
Basis Points
2.83
Annual Yield
Industrial production rose 0.9% in December for the fourth month in a row, according to the Federal Reserve. Wall Street expected only a 0.6% increase. For the fourth quarter, production jumped at an 8.2% annual rate, after a 1.3% drop in the third due to hurricane damage. For the calendar year, production rose 3.6%, up from a 0.8% gain in 2016 and the fastest pace since 2010. Output by manufacturers only rose 0.1% while most of the gain came from mining up 1.6% and utilities up 5.6%. Production by auto makers rose 2%. Capacity utilization rose to 77.9% the highest rate since February 2015.
Senators are hard at wok to salvage a bipartisan plan to protect āDreamersā young undocumented immigrants brought to the U.S. by their parentsāas the divide grows over an immigration deal which is key to avoiding a government shutdown this weekend. The White House cinsistsg that Congress allocate billions more for President Trumpās border wall with Mexico. Without a spending agreement by 12:01 a.m. Saturday, the government will partially shut down operations.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
