Market Update Report 4/16/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, April 16:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	103	points	14,702	8:17 AM
S&P500	Up	0.83%	percent	1,565		12.94	points
Nasdaq Composite	Up	0.93%	percent	3,246		29.97	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 Federal Reserve said industrial production rose a seasonally adjusted 0.4% in March, and February’s growth was revised higher to 1.1% from the initially reported 0.8% advance. Economists polled by MarketWatch had forecast a 0.3% monthly gain.

Can you sue the Federal Reserve? A woman in China thinks so. According to a South China Morning Post report, the woman and her attorney son have filed a lawsuit against the Federal Reserve for driving down the real value of her dollar holdings – totaling $250 – by roughly 30%. She is seeking $1 in damages and a promise from the U.S. central bank to stop abusing its “monopoly” over currency creation, according to the report. Her lawyer contends that the Fed qualifies as a private institution, and therefore is culpable under China’s 2008 Anti-Monopoly Law. See you in court.



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/industrial-production-up-on-utilities-usage-surge-2013-04-16
http://blogs.marketwatch.com/thetell/2013/04/15/china-woman-reportedly-wants-to-sue-federal-reserve-over-qe/


For today’s Market Update Report click to listen->