| The KUIK Market Update for Wednesday, December 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 84 | points | 17,153 | 7:46 AM | ||
| S&P500 | Up | 0.7% | percent | 1,986 | 12.95 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,567 | 19.23 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 2.71 | Annual Yield | ||
| The Labor Department reports the consumer price index fell by a seasonally adjusted 0.3% in November for the largest drop since December 2008. Energy costs fell for the fifth straight month, led by a 6.6% drop in the price of gasoline. Food rose a mild 0.2% but beef shot up 0.8% and rose for the 10th straight month. Taking out volatile food and energy, core inflation edged up a 0.1%. | |||||||
| February gold edged up 0.2%, to $1,196.90 an ounce. The contract was down 1.1% yesterday, falling for the fifth session in a row. Worldwide market turbulence over Russia’s tumbling ruble and slumping oil prices did not boost gold as a safety play because of the possiblity of higher US interest rates in 2015. The Federal Reserve Open Market Committee concludes its two day meeting today. A policy statemente is due at 11 am Pacific time, with a press conference to follow. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-prices-post-biggest-drop-in-six-years-2014-12-17 | |||||||
| http://www.marketwatch.com/story/gold-struggles-to-hold-1200-as-fed-meeting-looms-2014-12-17?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||