|
The KUIK Market Update for Wednesday, February 14: |
|||||||
|
|
|||||||
|
Markets are up. |
|||||||
|
|
|||||||
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
|
Dow Jones Industrial Average |
Up |
39 |
points |
24,680 |
8:00 AM |
||
|
S&P500 |
Up |
0.4% |
percent |
2,674 |
|||
|
Nasdaq Composite |
Up |
0.8% |
percent |
7,068 |
|||
|
30 Year Treasury |
Up |
3 |
Basis Points |
3.16 |
Annual Yield |
||
|
|
|||||||
|
Investors are cautious after the Labor Department reported the consumer price index for January had the biggest gain in five months. The cost of rent, clothes, gasoline, and health care all rose, contributing to the 0.5% jump in the CPI. Core inflation, which strips out volatile food and energy prices, rose by 0.3%. That may force the Federal Reserve to be more aggressive in tightening interest rates. However the year-over-year increase was unchanged from December at 2.1% and 12-month rate of core inflation was also flat at 1.8%. |
|||||||
|
March crude is up 0.9% to $59.61 a barrel on the New York Merc. The Energy Information Administration said . inventories rose by 1.8 million barrels the week ended Feb. 9. Analysts expected a 2.6 million barrel rise. Product inventories, however, rose more than expected, with gasoline stocks up 3.6 million barrels versus an average forecast of 1.4 million. Refiners operated at 89.8% of capacity, below the forecast of 91.1%. |
|||||||
|
|
|||||||
|
Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
|||||||
|
www.marketwatch.com/story/oil-turns-higher-after-smaller-than-expected-inventory-rise-2018-02-14 |
|||||||
|
For today’s Market Update Report click to listen-> |
|
||||||