| The KUIK Morning Market Report for Friday, October 12: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 38 | points | 13,365 | 8:00 AM | ||
| S&P500 | Flat | 0.0% | percent | 1,444 | (0.08) | points | |
| Nasdaq Composite | Down | 0.2% | percent | 30,570 | (2.22) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 2.83 | Annual Yield | ||
| JPMorgan Chase, the largest US Bank by assets reported before the market open. Year-on-year profit rose34%, to $5.7 billion or $1.40 a share, beating analyst estimates. The bank said losses on its remaining wrong-way bet on credit derivatives were “modest” in the third quarter after it lost $5.8 billion in the first half of 2012. | |||||||
| In Europe, industrial production unexpectedly increased for a second month in August. Output rose 0.6 percent from July, when it increased a revised 0.6 percent. Economists had projected a drop of 0.4 percent. | |||||||
| Wholesale prices more than forecast in September, reflecting a jump in fuel costs that did not work its way to other goods. The Labor Department reported the producer price index climbed 1.1 percent after a 1.7 percent gain in August. The median estimate from Bloomberg was for a 0.8 percent increase. Core producer inflation, which excludes food and energy prices, was unchanged, the first time it didn’t increase since October 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jp-morgans-profit-rises-34-2012-10-12?dist=beforebell | |||||||
| http://www.bloomberg.com/news/2012-10-12/u-s-stock-futures-gain-s-p-500-heads-for-weekly-slide.html | |||||||
| http://www.bloomberg.com/news/2012-10-12/wholesale-prices-in-u-s-rise-more-than-forecast-on-fuel.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||