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The KUIK Morning Market Report for Tuesday, February 13: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(95) |
points |
24,506 |
6:54 AM |
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S&P500 |
Down |
-0.5% |
percent |
2,643 |
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Nasdaq Composite |
Down |
-0.4% |
percent |
6,952 |
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30 Year Treasury |
Down |
(1) |
Basis Points |
3.13 |
Annual Yield |
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The index of small-business optimism from the National Federation of Independent Businesses climbed two points to 106.9 in January. That was stronger than the 105.5 forecast by economists and the number of respondents saying “now is a good time to expand” hit an all-time high. In a release, the federation said January’s bounce was due to Congress and the White House “tackling the biggest concerns of small business owners – high taxes and regulations. But according to respondents, finding qualified workers is actually their biggest business problem. |
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Marketwatch reports the next big clue for market direction could come from Wednesday’s January consumer price inflation data. There are concerns that if CPI comes in higher than expected, it could spark another selloff, as worries about higher prices and its effect on the Federal Reserve’s plans for interest-rate increases triggered last week’s dramatic volatility and declines. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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For today’s Morning Market Report click to listen-> |
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