Market Update Report 2/19/2014

The KUIK Market Update for Wednesday, February 19:
Markets are mixed.
Index Direction Change Units Last Time Change
Dow Up                     82 points           16,213 7:43 AM
S&P500 Up 0.28% percent             1,846             5.09
Nasdaq Composite Down -0.01% percent             4,272            (0.33)
30 Year Treasury Down                      (1) Basis Points               3.67 Annual Yield
The Commerce Department reports construction on new single-family homes and apartments fell 16% January to a seasonally adjusted annual rate of 880,000.  Poor weather hurt, according to economists polled by MarketWatch, they forecast 945,000 starts for January.  
The Labor Department reported U.S. producer prices rose 0.2% in January under the government’s new formula for measuring wholesale inflation.  Excluding food and energy, core prices 0.4%.  The new PPI includes the wholesale cost of goods, but adds services, construction, government, and exports for the first time. 
The dollar rose against the British pound after data released U.K. unemployment rose to 7.2% in the three months to December up from 7.1% in the three months to November. Economists expected the jobless number to drop to the 7% threshold that the Bank of England said in August would trigger talks about raising interest rates.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/construction-on-new-homes-dives-16-in-january-2014-02-19
http://www.marketwatch.com/story/us-producer-prices-climb-02-in-january-2014-02-19-81035757
http://www.marketwatch.com/story/dollar-falls-vs-pound-yen-boe-uk-jobs-eyed-2014-02-19?dist=markets
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