| The KUIK Market Update for Tuesday, March 18: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 84 | points | 16,332 | 8:01 AM | ||
| S&P500 | Up | 0.49% | percent | 1,868 | 9.07 | ||
| Nasdaq Composite | Up | 0.78% | percent | 4,313 | 33.48 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.63 | Annual Yield | ||
| The Labor Department reports consumer prices rose a seasonally adjusted 0.1% in February because of higher food and housing costs. Food prices jumped 0.4% in February for the biggest increase since September 2011 but they are only up 1.4% over the past year. Energy prices fell 0.5% as lower gasoline costs offset increases in fuel oil and natural gas. | |||||||
| H-P climbed 3% after Barclays analyst Ben Reitzes raised his rating to overweight from equal weight, saying the Palo Alto, Calif.-based tech giant “could gain share for several quarters in x86 servers at the expense of IBM/Lenovo.” | |||||||
| There’s good news and bad news in the Bank of America Merrill Lynch Global Fund Manager Survey for March. The good news is that investors are generally more optimistic about the global economic recovery, and no one thinks we’re in a recession. The bad news is fund managers are lowering their risk in response to increased tensions with Russia. 81% of respondents said they saw geopolitical risk posing a threat to financial stability, four times as many as a month ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-edge-up-01-in-february-2014-03-18 | |||||||
| http://www.marketwatch.com/story/h-p-seen-gaining-as-ibm-exits-key-market-2014-03-18?dist=markets | |||||||
| http://blogs.marketwatch.com/thetell/2014/03/18/fund-managers-are-dumping-risk-on-ukraine-tensions-b-of-a-merrill-lynch/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||