| The KUIK Morning Market Report for Wednesday, August 14: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (44) | points | 15,407 | 7:05 AM | ||
| S&P500 | Down | -0.02% | percent | 1,694 | (0.33) | ||
| Nasdaq Composite | Up | 0.02% | percent | 3,686 | 2.00 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.76 | Annual Yield | ||
| The Department of Labor reports U.S. wholesale prices were unchanged in July, as prices declined for energy, didn’t change for food, and rose for things link pharmaceuticals. The core producer-price index, which excludes food and energy, increased 0.1%. Economists polled by MarketWatch had expected the overall PPI to rise 0.3% in July, and for the core to increase 0.2%. | |||||||
| The recession is over in Europe. Gross domestic product in Europe rose by 0.3% in the second quarter, marking an end to a six-quarter recession in the region. The number beat analyst expectations of a 0.1%-0.2% rise. In the first quarter, the combined euro-zone economy contracted by 0.3%. | |||||||
| The gender gap in 401K’s is larger than the pay gap between men and women. Tht’s according to human resources consulting firm Aon Hewitt. Women save less than their male counterparts and they default on more 401(k) loans. Aon Hewitt looked at more than 140 defined contribution plans. They found that the average man’s 401(k) balance at the end of 2012 was $100,000, the average woman had just $59,300. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-producer-prices-unchanged-in-july-2013-08-14-8913015 | |||||||
| http://www.marketwatch.com/story/euro-zone-recession-ends-as-gdp-rises-03-in-2q-2013-08-14 | |||||||
| http://blogs.marketwatch.com/encore/2013/08/14/401k-gender-gap-is-bigger-than-pay-gap/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||