| The KUIK Morning Market Report for Wednesday, May 15: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (12) | points | 15,203 | 7:00 AM | ||
| S&P500 | Down | -0.12% | percent | 1,648 | (1.96) | points | |
| Nasdaq Composite | Up | 0.69% | percent | 3,463 | 23.82 | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.14 | Annual Yield | ||
| U.S. wholesale prices dropped in April for the second straight month as the cost of gasoline and vegetables fell. The Labor Department reported the producer-price index declined by a seasonally adjusted 0.7% for the biggest drop in three years. That met expectations is following a 0.6% drop in March. Fuel fell 2.5%, led by a 6.0% drop in gasoline prices. Electricity and home-heating-fuel costs also eased, though natural-gas posted the biggest increase since mid-2008. The price of food, meanwhile, fell 0.8% in April after being up .8% in March. Vegetable prices dropped 10.6%, helped by the drop in gasoline. | |||||||
| The Empire State manufacturing survey went negative in May for the first time since January, according to the New York Federal Reserve. The general conditions index fell to a negative 1.4 in May from positive 3.1 in April. Economists expected a positive 3 reading for May. | |||||||
| The Federal Reserve reported nationwide industrial production fell 0.5% in April, dragged lower by a big drop in utilities output but also by a drop in manufacturing. Economists polled by MarketWatch expected a drop of only 0.3% | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-fall-sharply-in-april-2013-05-15-81034825 | |||||||
| http://www.marketwatch.com/story/empire-state-index-turns-south-in-may-2013-05-15 | |||||||
| http://www.marketwatch.com/story/industrial-production-drops-05-in-april-2013-05-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||