| The KUIK Morning Market Report for Tuesday, April 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 89 | points | 16,262 | 7:01 AM | ||
| S&P500 | Up | 0.6% | percent | 1,842 | 11.46 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,044 | 21.77 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.49 | Annual Yield | ||
| The Labor Department reports consumer prices rose a seasonally adjusted 0.2% in March due to higher costs for food and shelter and food costs. Food prices are up 0.4% for the second straight month while shelter costs rose 0.3%. Energy prices fell 0.1% led by lower gasoline costs. The core CPI, which excludes volatile food and energy costs, also rose 0.2%, driven by shelter. Economists expected overall and core CPI to gain by by 0.1%. Consumer prices have risen an unadjusted 1.5% over the past 12 months or by 1.7% on a core basis. | |||||||
| The Empire State manufacturing index, the first of the regional manufacturing gauges to be released, fell to 1.3 in April from 5.6 in March, according to the New York Fed. Economists expected a gain to 8. Readings above zero indicate improving conditions. The new-orders and inventories components both were negative, while employment showed a modest rise and a slight increase in the average workweek. The index for expected general business conditions advanced five points to 38.2. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-rise-02-on-shelter-costs-in-march-2014-04-15 | |||||||
| http://www.marketwatch.com/story/empire-state-index-slows-to-13-in-april-2014-04-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||