| The KUIK Morning Market Report for Monday, February 4: | |||||||
| Markets are down this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (86) | points | 13,926 | 7:09 AM | ||
| S&P500 | Down | -0.53% | percent | 1,505 | (8.01) | points | |
| Nasdaq Composite | Down | -0.39% | percent | 3,167 | (12.48) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.19 | Annual Yield | ||
| The dollar gained ground against major rivals, with the euro retreating from recent highs against both the dollar and the Japanese yen as political risks reappeared in Spain, where Prime Minister Mariano Rajoy over the weekend denied allegations that he and members of his party accepted secret payments. The country’s opposition party called for his resignation. | |||||||
| In China, the non-manufacturing purchasing managers’ index climbed to 56.2 in January from 56.1 in December, acccording to the National Bureau of Statistics and China Federation of Logistics and Purchasing. A reading above 50 indicates expansion. | |||||||
| Marketwatch reports orders for goods produced in U.S. factories rose 1.8% in December, according to the Commerce Department. Economists expected orders to increase by 2.3%, because of higher orders for commercial and military aircraft. Orders for durable goods – products meant to last at least three years – advanced 4.3% in December. Orders for nondurable goods such as food and clothing dropped 0.3%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/dollar-up-spain-turmoil-spurs-euro-profit-taking-2013-02-04 | |||||||
| http://www.bloomberg.com/news/2013-02-04/u-s-stock-futures-are-little-changed-before-data.html | |||||||
| http://www.marketwatch.com/story/us-factory-orders-advance-18-in-december-2013-02-04 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||