| The KUIK Morning Market Report for Friday, October 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 201 | points | 16,318 | 7:09 AM | ||
| S&P500 | Up | 1.3% | percent | 1,886 | 23.40 | ||
| Nasdaq Composite | Up | 1.3% | percent | 4,274 | 56.65 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.97 | Annual Yield | ||
| The Commerce Department reports construction starts on new U.S. homes rose 6.3% in September, hitting more than 1.02 million annually, following a big drop in August. and matching expecations. Total starts are up 17.8% from September of 2013. Starts for single-family homes rose 1.1%, while apartment starts in buildings with at least five units jumped up 18.5%. | |||||||
| The University of Michigan Consumer Sentiment Index rose to 86.4 in October, up from 84.1 in September, for the highest level since July 2007. Economists expected 83.5. The index was as high as 96.9 in January 2007 and was as low as 55.8 in August 2011. | |||||||
| Federal Reserve Chairwoman Janet Yellen said Friday that she was “greatly” concerned by the extent and continuing increase in inequality in the United States. At a conference on inequality sponsored by the Boston Fed she said: “It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/apartments-lead-septembers-housing-starts-growth-2014-10-17 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-climbs-to-the-highest-level-in-over-seven-years-2014-10-17 | |||||||
| https://individualinvestor.myleggmason.com/portal/server.pt?open=514&objID=77384&mode=2&in_hi_userid=355661&cached=true | |||||||
| For today’s Morning Market Report click to listen-> | |||||||