Market Update Report 9/17/2013 | Beacon Rock Wealth Advisors

The KUIK Market Update for Tuesday, September 17:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	37	points	15,531	8:00 AM
S&P500	Up	0.33%	percent	1,703		5.55
Nasdaq Composite	Up	0.52%	percent	3,737		19.26
30 Year Treasury	Down	(1)	Basis Points	3.86	Annual Yield

Confidence among home builders in September remained at the highest level in almost eight years, despite rising mortgage rates. The National Association of Home Builders/Wells Fargo housing-market index remained at 58 in September. Readings above 50 signal that builders are optimistic about sales trends.

The Labor Department reported the consumer price index rose by a seasonally adjusted 0.1% in August which matched expectations. Higher costs for housing and medical care pushed up consumer prices, but gasoline costs fell for the first time since late spring and inflationary pressure was absent.

The U.S. national debt is now about 73% of gross domestic product, according to the Congressional Budget Office in its long-term budget outlook. That percentage is higher than any point since World War II, and twice the percentage it was at the end of 2007. If current laws stay in place, debt will decline “slightly” relative to GDP over the next few years, but it warned that growing future deficits will push the debt to 100% of GDP 25 years from now.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/builder-confidence-remains-at-almost-8-yr-high-2013-09-17?dist=lcountdown
http://www.marketwatch.com/story/consumer-prices-rise-slightly-in-august-2013-09-17
http://www.marketwatch.com/story/us-debt-now-about-73-of-gdp-cbo-says-2013-09-17-1091240?dist=lcountdown


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