| The KUIK Morning Market Report for Tuesday, February 18: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (12) | points | 16,141 | 7:01 AM | ||
| S&P500 | Down | -0.05% | percent | 1,838 | (0.85) | ||
| Nasdaq Composite | Up | 0.15% | percent | 4,250 | 6.32 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.69 | Annual Yield | ||
| Manufacturing activity in the New York region slipped in February after hitting its highest reading since May 2012 in January, according to the Federal Reserve Bank of New York. The bank’s Empire State general business conditions index fell to 4.5 in February from 12.5 in January, and the drop was larger than expected. Economists expected 9.0 in February. Readings above zero signal expansion. The new orders index fell went negative territory after hitting a two-year high in January. Shipments also fell to 2.1 in February from 15.5 in January, unfilled orders stayed negative, and employment was unchanged. | |||||||
| German investor confidence dropped in February, with the ZEW indicator of economic sentiment falling 6 points to 55.7 and missing analysts expectations of 62.7. It was the second drop in a row. January survey fell to 61.7, after reaching a seven-year high of 62 in December. The current-situation assessment, however, was more upbeat and gained 8.8 points in February to 50, reaching its highest level since August 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/empire-state-index-slips-to-45-in-february-2014-02-18-891303 | |||||||
| http://www.marketwatch.com/story/german-investor-confidence-unexpectedly-slides-2014-02-18 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||