| This is Bill Roller of BR Capital with the KUIK Morning Market Report for Tuesday, July, 3 | |||||||
| Markets are up this morning. | |||||||
| Index | Direction | Change | Units | Last | 7:50 AM | ||
| Dow | Up | 42 | points | 12,913 | |||
| S&P500 | Up | 0.40% | percent | 1,371 | |||
| Nasdaq Composite | Up | 0.46% | percent | 2,965 | |||
| 30 Year Treasury | Up | 4.2 | basis points | 2.73 | |||
| Orders placed with U.S. factories rose in May for the first time in three months, easing concern that manufacturing is faltering. The 0.7 percent increase in bookings followed a revised 0.7 percent drop in the prior month, the Commerce Department reported. The median forecast of economists from Bloomberg called for a rise to 0.1 percent. | |||||||
| The U.S. economy will grow by 2 percent this year and about 2.25 percent in 2013 amid a “tepid” recovery and the European debt crisis, according to the International Monetary Fund, lowering its previous projections. The U.S. economy remains “subject to elevated downside risks, in light of financial strains in the euro area and uncertainty over domestic fiscal plans.” | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2012-07-03/orders-to-u-s-factories-increase-for-first-time-in-three-months.html | |||||||
| http://www.bloomberg.com/news/2012-07-03/imf-lowers-u-s-growth-projections-to-2-percent.html | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||