| The KUIK Morning Market Report for Tuesday, April 16: | |||||||
| Markets are up after yesterday’s sell off. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 103 | points | 14,702 | 8:11 AM | ||
| S&P500 | Up | 0.68% | percent | 1,565 | 10.63 | points | |
| Nasdaq Composite | Up | 0.69% | percent | 3,238 | 23.06 | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 2.90 | Annual Yield | ||
| The Labor Department reports the consumer price index decreased 0.2% in March, led by lower energy and apparel costs. Analysts expected a .1% decline. Core prices which exclude volatile food and energy costs increased 0.1%, less than the 0.2% gain expected by Analysts. More good news…energy prices decreased 2.6% in March, retracing half of the 5.4% rise in February and gasoline fell 4.4%. | |||||||
| The Commerce Department reports construction on new U.S. homes in March hit the highest rate in almost five years, as starts for apartments increased. Starts in March were up 47% from March of 2012, the largest year-over-year growth since 1992. Housing starts rose 7% in March to a seasonally adjusted annual rate of 1.04 million, the highest rate since June 2008. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-inflation-falls-02-in-march-2013-04-16-81034829 | |||||||
| http://www.marketwatch.com/story/highest-home-construction-rate-since-2008-2013-04-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||