| The KUIK Market Update for Friday, April 11: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (30) | points | 16,140 | 7:58 AM | ||
| S&P500 | Up | 0.0% | percent | 1,833 | 0.31 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,065 | 11.07 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.50 | Annual Yield | ||
| The Labor Department reports that U.S. wholesale prices rose a seasonally adjusted 0.5% in March, mainly because of higher costs for service providers. The price of wholesale services jumped 0.7% last month, while the cost of goods were flat. Economists polled by MarketWatch predicted a 0.1% gain. Wholesale food costs increased 1.1% last month, but energy prices fell 1.2%. | |||||||
| Health and Human Services Secretary Kathleen Sebelius is resigning, ending a stormy five-year tenure marred by the disastrous rollout of President Obama’s Affordable Care Act.Mr. Obama accepted Ms. Sebelius’s resignation this week, and on Friday morning, he will nominate Sylvia Mathews Burwell, the director of the Office of Management and Budget, to replace her. | |||||||
| The average rate for a 30-year fixed-rate mortgage fell to 4.34% in the week that ended April 10 from 4.41% the week before, according to Freddie Mac. A year ago, the 30-year rate was at 3.43%. The average rate for the 15-year fixed-rate fell to 3.38% from 3.47%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-wholesale-prices-advance-05-in-march-2014-04-11 | |||||||
| http://www.nytimes.com/2014/04/11/us/politics/sebelius-resigning-as-health-secretary.html?_r=0 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-falls-to-434-2014-04-10-109102 | |||||||
| For today’s Market Update Report click to listen-> | |||||||