|
The KUIK Morning Market Report for Wednesday, March 14: |
|||||||
|
|
|||||||
|
Markets are up. |
|||||||
|
|
|||||||
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
|
Dow Jones Industrial Average |
Up |
34 |
points |
25,041 |
7:14 AM |
||
|
S&P500 |
Up |
0.2% |
percent |
2,770 |
|||
|
Nasdaq Composite |
Up |
0.3% |
percent |
7,532 |
3.00 |
||
|
30 Year Treasury |
Down |
(2) |
Basis Points |
3.08 |
Annual Yield |
||
|
|
|||||||
|
The Commerce Department reports sales at retailers fell 0.1% in February. That was the third monthly drop in a row and the first time that’s happened since 2012. Economists expected a 0.4% increase. Sales actually rose 0.3% if autos and gas are taken out. Gas station receipts dropped 1.2%, reflecting more stable prices after a runup in January. Sales at auto dealers fell 0.9% for the second month in a row as the post-hurricane spurt from the fall faded. Department stores also had a 0.9% drop while while internet retailers rose 1% . |
|||||||
|
The Commerce Department also reported wholesale prices rose 0.2% in February, a sign that inflation has settled down after flaring up in early 2018. Economists expected 0.1% following a 0.4% rise in January. The 12-month rate of wholesale inflation edged up to 2.8%, but it’s still below a recent peak of 3.1%. |
|||||||
|
|
|||||||
|
Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
|||||||
|
www.marketwatch.com/story/us-retail-sales-fall-for-third-month-in-a-row-2018-03-14 |
|||||||
|
www.marketwatch.com/story/wholesale-inflation-tamer-in-february-ppi-shows-2018-03-14 |
|||||||
|
For today’s Morning Market Report click to listen-> |
|
||||||