| The KUIK Morning Market Report for Tuesday, June 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 62 | points | 15,242 | 6:56 AM | ||
| S&P500 | Up | 0.25% | percent | 1,643 | 4.09 | points | |
| Nasdaq Composite | Up | 0.40% | percent | 3,465 | 35.81 | points | |
| 30 Year Treasury | Up | 2 | Basis Points | 3.37 | Annual Yield | ||
| The Commerce Department reports housing starts rose 6.8% in May to a seasonally adjusted annual rate of 914,000. This is after the big drop in new apartments that pushed down starts in April. Starts for single-family homes increased 0.3% in May to a seasonally adjusted annual rate of 599,000, while starts for structures with five or more units rebounded 21.6% to 315,000. | |||||||
| The consumer-price index rose by a seasonally adjusted 0.1% last month after falling 0.4% in April, according to the Labor Department. Economists polled by MarketWatch expected a 0.2% increase. The energy index rose 0.4%, largely because of higher prices of electricity and natural gas. The gasoline index was flat on a seasonally adjusted basis even though the cost of fueling up at the pump actually increased last month. The prices increases in May will probably show up in the June report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/monthly-housing-starts-rebound-in-may-2013-06-18 | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-barely-rise-in-may-2013-06-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||