| The KUIK Morning Market Report for Wednesday, October 24: | |||||||
| Markets opened up this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | ||
| Dow | Up | 37 | points | 13,139 | 4:30 PM | ||
| S&P500 | Up | 0.5% | percent | 1,420 | |||
| Nasdaq Composite | Up | 0.7% | percent | 3,011 | |||
| 30 Year Treasury | Up | 2.0 | basis points | 2.93 | |||
| The China Manufacturers purchasing managers index rose to a three year high of 49 in October. Which was more positive than expected, but is still below the 50 point mark that seperates contraction from expansion. | |||||||
| Initial readings of the Euro Area Purchasing Managers Index and the German IFO Business Sentiment Survey of over 7000 companies point to further deterioraton in the region’s weak economy. Many of the big multinational corporations in the United States report a string of disappointing earnings reports. | |||||||
| Headlines in early Wall Street news this morning were reports of earnings increases from Facebook. | |||||||
| September new home sales were up over 5% with significant regional variations. | |||||||
| Serving the West Side first, I am Mike Elerath of BR Capital for AM 1360 KUIK. | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||