| The KUIK Morning Market Report for Wednesday, May 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 61 | points | 18,129 | 6:51 AM | ||
| S&P500 | Up | 0.5% | percent | 2,109 | 10.23 | ||
| Nasdaq Composite | Up | 0.7% | percent | 5,011 | 34.37 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.99 | Annual Yield | ||
| The Commerce Department reports sales at U.S. retailers were flat in April as Americans continued to be thrifty shoppers, a trend that’s gotten stronger since last summer despite cheaper gas. American spent more at restaurants and Internet sites, but cut back on purchases of autos, home furnishings, electronic goods and fuel. Economists expected a seasonally adjusted 0.1% increase. Sales minus autos rose 0.1% but that was short of the 0.4% forecast. | |||||||
| The prices the U.S. paid for imported goods fell 0.3% in April, as the lower cost of goods such as food and industrial supplies offset a rise in oil. Excluding fuel, import prices fell by 0.4% last month, according to the Labor Department. The price of U.S.-made goods exported to other nations dropped 0.7%. For the past year import prices have fallen by 10.7%, mostly because of a steep drop in the price of oil in the second half of 2014. Import prices are down a much smaller 2.3% excluding fuel during the same span. Foreign goods are cheaper in part because of the stronger dollar that makes imports less costly. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-retail-sales-flat-in-april-continue-to-slow-2015-05-13 | |||||||
| http://www.marketwatch.com/story/us-import-prices-drop-03-in-april-despite-costlier-oil-2015-05-13 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||