Market Update Report 1/16/2013

January 16, 2013
The KUIK Market Update for Wednesday, January 16:
Markets are mixed.
Index Direction Change Units Last Time Change
Dow Down                    (37) points             13,497 8:10 AM
S&P500 Down -0.1% percent               1,471              (1.36) points
Nasdaq Composite Up 0.1% percent               3,114               4.15 points
30 Year Treasury Down                      (1) Basis Points                 3.01 Annual Yield
Citing heightened risks to the 787 Dreamliner after an emergency landing of the plane by All Nippon Airways, analysts at Goldman Sachs today said they’re removing Boeing from their conviction buy list and cutting their price target on the aerospace firm to $90 a share from $98 a share. Boeing is down $2.35 to $74.59.
The Labor Department reports consumer prices for U.S. goods and services were flat in December, held in check by the fallilng cost of gasoline which met expectations.
Industrial production increased for the second straight month in December as companies continued to recover from Hurrican Sandy according to the Federal Reserve.  Production rose 0.3% in December, while economists forecast 0.2%
Marketwatch reports that four new tech trends emerged at this year’s Consumer Electronics Show.  They are:  personalized search, versatile rewards cards, electronic health trackers, and virtual dressing rooms–seeing how you will look in clothes without actually trying them on.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/boeing-draws-goldman-rating-cut-on-787-woes-2013-01-16
http://www.marketwatch.com/story/us-consumer-prices-remain-muted-2013-01-16
http://www.marketwatch.com/story/industrial-output-edges-up-post-sandy-2013-01-16?dist=lcountdown
http://www.marketwatch.com/story/4-future-tech-trends-2013-01-15?dist=lcountdown
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Market-Update-Report.mp3