| The KUIK Morning Market Report for Tuesday, June 17: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (18) | points | 16,763 | 6:52 AM | ||
| S&P500 | Down | -0.1% | percent | 1,937 | (1.17) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,326 | 4.75 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.42 | Annual Yield | ||
| The Labor Department reports the consumer price index jumped 0.4% last month on a seasonally adjusted basis. In the past 12 months, consumer inflation has climbed 2.1% and eight months ago, inflation was running at 1.0%. Energy prices rose 0.9% and food prices climbed 0.5%, with most major categories showing an increase. The core CPI, which excludes volatile food and energy, rose by 0.3%, the biggest gain since August 2011. | |||||||
| Construction on new U.S. homes fell by 6.5% in May to an annual rate of 1 million units according to the Labor Department. Ppermits for new construction, a sign of future demand, fell by 6.4% to a 991,000 annual pace, the slowest in fourth months. Economists expected starts to drop to seasonally adjusted annual rate of 1.02 million. Housing starts fell for both single-family homes and apartments. Starts rose slightly in the Northeast and Midwest but fell 7.3% in the South and 15.2% here in the West. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-rise-sharply-again-in-may-2014-06-17 | |||||||
| http://www.marketwatch.com/story/housing-starts-fall-65-in-may-to-1-million-annual-rate-2014-06-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||