Morning Market Report 1/15/2013

The KUIK Morning Market Report for Tuesday, January 15:
Markets are down on earnings worries.
Index Direction Change Units Last Time Change
Dow Down                    (34) points             13,473 6:54 AM
S&P500 Down -0.4% percent               1,465              (5.71) points
Nasdaq Composite Down -0.7% percent               3,095             (22.23) points
30 Year Treasury Down                      (4) Basis Points               3.00 Annual Yield
The Commerce Department says retail sales rose more than projected in December as Americans wrapped up their holiday shopping. The 0.5 percent gain followed a revised 0.4 percent increase in   November that was more than previously reported. Economists expected a 0.2 percent rise. Sales excluding automobiles and gasoline climbed 0.6 percent for a second month.
Inflation seems under control.  Led by lower food prices, overall U.S. producer prices fell a seasonally adjusted 0.2% in December, marking another month of low inflationary pressure at the wholesale   level according to the Labor Department. Core producer prices, which exclude the volatile categories of food and energy, rose 0.1% last month, led by cigarettes.
U.S. home prices edged up 0.3% in November to take the year-on-year gain to 7.4%, the biggest annual gain since May 2006, CoreLogic said today. The year-on-year rise is the ninth consecutive gain. Leaving out distressed sales, home prices are up 6.7% year-on-year.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.bloomberg.com/news/2013-01-15/retail-sales-in-u-s-increased-more-than-forecast-in-december.html
http://www.marketwatch.com/story/us-producer-prices-decline-led-by-food-2013-01-15
http://www.marketwatch.com/story/us-nov-home-prices-edge-up-03-corelogic-2013-01-15
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Morning-Market-Report.mp3