| The KUIK Market Update for Friday, March 13: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (148) | points | 17,748 | 7:50 AM | ||
| S&P500 | Down | -0.6% | percent | 2,053 | (13.14) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,874 | (19.24) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.70 | Annual Yield | ||
| The Labor Department reports the producer price index fell a seasonally adjusted 0.5% in February. Economists expected a 0.4% gain. Wholesale inflation was unchanged if energy, food, and trade margins are taken out. A record 1.5% drop in trade margins accounted for most of the drop. Over the past year, producer prices have fallen by 0.6%, the first 12-month drop on record and a sign of deflation in the economy. | |||||||
| The University of Michigan’s consumer sentiment index fell to 91.2 in March down 95.4 in February, and below the 94.8 expected by economists. That’s the worst reading since November. | |||||||
| Crude-oil futures fell today on a report from the International Energy Agency, said oil prices remain fragile due to continuing production by U.S. shale-oil producers. April crude is off 2.2% to $46.07 a barrel on the New York Merc. The report said that oil production in the U.S. has increased by 115,000 barrels a day and ballooning inventories combined with shrinking oil storage will probably take prices lower. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/producer-price-report-suggests-little-inflation-in-the-pipeline-2015-03-13 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-slides-in-march-2015-03-13 | |||||||
| http://www.marketwatch.com/story/oil-sinks-after-iea-refers-to-price-stability-as-a-facade-2015-03-13 | |||||||
| For today’s Market Update Report click to listen-> | |||||||