Market Update Report 12/16/2013

The KUIK Market Update for Monday, December 16:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up                    134 points           15,890 7:58 AM
S&P500 Up 0.71% percent             1,788            12.59
Nasdaq Composite Up 0.77% percent             4,032            30.84
30 Year Treasury Down                      (2) Basis Points               3.86 Annual Yield
The Federal Reserve reported that industrial production climbed 1.1% in November to reach a record high, for the biggest percentage rise since Nov. 2012, as utilities output jumped 3.9% because of a very cold month.  The index reached 101.3 based on 100 in 2007. Capacity utilization rose to 79% from an upwardly revised 78.2% in October.  
Markit reports the U.S. flash manufacturing purchasing managers’ index fell to 54.4  in December from 54.7 in November, but that still signalsd solid business conditions, . The November reading was an 8-month high.
Oil futures are up as markets focus on political unrest in Libya, and ahead of the Federal Reserve policy meeting tomorrow and Wednesay.  A major item will be the central bank’s stimulus program.  January crude oil  is up 0.7%, to $97.23 a barrel on the New York Merca. Prices fell .9% last Friday and were down 1.1% for the week.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/industrial-output-jumps-11-to-all-time-high-2013-12-16
http://www.marketwatch.com/story/us-markit-flash-pmi-slightly-lower-in-december-2013-12-16
http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-49294/
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