| The KUIK Morning Market Report for Friday, October 9: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 41 | points | 17,094 | 6:57 AM | ||
| S&P500 | Up | 0.2% | percent | 2,016 | 2.93 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,819 | 8.38 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.94 | Annual Yield | ||
| The Commece Departments reports the prices paid for imported goods fell by a seasonally adjusted 0.1% in September, which was smaller than the 1.6% drop in August . Excluding fuel, import prices dropped by 0.3%. The price of U.S.-made goods exported to other nations fell by 0.7%. In the past 12 months import prices have dropped 10.7%, largely because of lower oil costs and a stronger dollar that makes foreign goods less expensive. Excluding oil, Import prices are down a smaller 3.1%. | |||||||
| A rate hike in October or December is still “likely appropriate” as the economy is on a satisfactory track, said Dennis Lockhart, the president of the Atlanta Fed, on Friday. In a speech in New York, Lockhart said there is “a touch more downside risk” in the current environment than a few weeks ago. But he said he was not going to let one piece of data overly influence his outlook. Many economists think the weak September job report rules out a Fed hike this year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-import-prices-dip-slightly-in-september-2015-10-09 | |||||||
| http://www.marketwatch.com/story/feds-lockhart-says-rate-hike-could-be-appropriate-in-october-2015-10-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||