| The KUIK Market Update for Wednesday, August 14: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (90) | points | 15,359 | 7:48 AM | ||
| S&P500 | Down | -0.45% | percent | 1,687 | (7.59) | ||
| Nasdaq Composite | Down | -0.40% | percent | 3,670 | 2.00 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.74 | 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%. | |||||||
| Oil futures pared losses after the U.S. Energy Information Administration reported a bigger-than-expected decline of 2.8 million barrels in crude stockpiles for the week ended Aug. 9. Analysts polled by Platts were looking for a 1.5 million-barrel decline. Gasoline supplies fell by 1.2 million barrels, while distillate stockpiles rose 2 million barrels, the EIA said. Gasoline stockpiles were expected to fall by 2 million barrels, while forecasts called for an increase of 1 million barrels for distillates. | |||||||
| 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/oil-prices-pare-losses-after-eia-supply-data-2013-08-14?dist=markets | |||||||
| 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-> | |||||||