Market Update Report 1/15/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Wednesday, January 15:

Markets are up.

Index	Direction	Change	Units	Last	Time	Change
Dow	Up	105	points	16,478	8:07 AM
S&P500	Up	0.62%	percent	1,850		11.34
Nasdaq Composite	Up	0.73%	percent	4,214		30.65
30 Year Treasury	Up	3	Basis Points	3.83	Annual Yield

The Federal Reserve Bank of New York relaeased it s Empire State Index forJanuary. It jumped to 12.5 from 2.2 in December, and follows three months of weak readings. It’s the highest level since May of 2012 and showing manufacturing strengthened in the New York region and supporting views that the nationwide factory sector will continue to be strong in 2014. Economists expected only a 4.

The producer price index advanced a seasonally adjusted 0.4% last month — matching the MarketWatch forecast — to mark the biggest gain since June, according to the Labor Department. The rise was mostly due to higher prices for gasoline and tobacco. Prices are up 1.2% for the year.

The U.S. will be able to provide for all its own energy needs by 2035 as output of shale oil and gas accelerates and demand growth slows, according to BP. The US became the world’s largest producer of liquid energy last year. BP said it will produce more gas and coal than it consumes in its Energy Outlook 2035 report. The report highlights how technology to exploit shale resources by grinding underground rocks to release oil and gas will transform the global energy trade over the next two decades.



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

http://www.marketwatch.com/story/empire-state-index-jumps-to-125-in-january-2014-01-15-81034443
http://www.marketwatch.com/story/wholesale-prices-post-first-rise-in-3-months-2014-01-15
http://www.bloomberg.com/news/2014-01-15/u-s-will-be-energy-self-sufficient-by-2035-on-shale-bp-says.html


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