Market Update Report 3/17/2017

The KUIK Market Update for Friday, March 17:
 
Markets are down.
 
Index Direction Change Units   Time    
Dow Down                      (7)  points            20,928 7:52 AM    
S&P500 Down -0.1% percent             2,380      
Nasdaq Composite Down -0.1% percent             5,897      
30 Year Treasury Down                      (1) Basis Points               3.12 Annual Yield    
 
The Federal Reserve reports Industrial production was unchanged in February. Economists expected a 0.3% rise. This followed a revised 0.1% decline in January, faster than the original reading of a 0.3% drop. Compared to the same period of 2015, production is up only 0.3%.  Utility output fell 5.7%, following a 5.8% drop in January. The big mover was mining output, which includes oil and gas production, it jumped 2.7% in February after January’s 2.2% gain. 
 
The University of Michigan prelimnary surver of consumer sentiment rose to 97.6 in March from 96.3 in February. Economists expected 98. The survey shows Republicans are gung-ho. Their expectations for the next six months climbed to 122.4, a level that typically signals a “new era of robust economic growth.” The expectations index for Democrats fell to 55.3, a number that usually signals “that a deep depression is imminent.”
 
The Conference Board said its leading economic index rose 0.6% in February for the third straight month of big gains to reach its highest level in more than a decade.
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/industrial-output-flat-in-february-held-down-by-utility-production-2017-03-17
http://www.marketwatch.com/story/consumer-sentiment-still-running-high–except-among-democrats-2017-03-17
http://www.marketwatch.com/story/leading-indicators-reach-highest-level-in-a-decade-2017-03-17
 
 
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