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The KUIK Market Update for Tuesday, March 13: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
103 |
points |
25,281 |
7:40 AM |
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S&P500 |
Up |
0.3% |
percent |
2,792 |
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Nasdaq Composite |
Up |
0.3% |
percent |
7,608 |
3.00 |
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30 Year Treasury |
Up |
1 |
Basis Points |
3.13 |
Annual Yield |
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President Trump said today he will replace Secretary of State Rex Tillerson with CIA Director Mike Pompeo. Trump asked Tillerson to step aside last Friday, according to the Washington Post. State department officials said Trump felt it was important to make the change as he prepares for talks with North Korea’s leader. On Twitter, |
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The consumer price index rose 0.2% in February after a big 0.5% increase in January. That 0.2% matched expectations. The annual increase edged up to 2.2% from 2.1%. After stripping out gas and food, the core rate of inflation also rose 0.2%. The annual rate of core inflation was unchanged at 1.8% for the third month in a row. The rise in the cost of living last month was largely the result of higher rent and home prices. Auto insurance was another big expense. It jumped 1.7% in February after a 1.3% move in January. Clothing rose 1.5%, following January’s 1.7%. Helping to keep inflation in check was a 0.5% drop in the cost of new cars and trucks, for the biggest decline since 2009. Prices for telecommunications services such as cell phones also fell sharply. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/consumer-inflation-less-threatening-in-february-cpi-shows-2018-03-13 |
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For today’s Market Update Report click to listen-> |
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