| The KUIK Market Update for Friday, March 1: | |||||||
| Markets opened lower but are now trading up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 23 | points | 14,076 | 8:03 AM | ||
| S&P500 | Up | 0.19% | percent | 1,517 | 2.81 | points | |
| Nasdaq Composite | Up | 0.11% | percent | 3,164 | 3.58 | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.07 | Annual Yield | ||
| The Institute for Supply Management’s manufacturing index climbed 1.1 points to 54.2%, coming in ahead of 52.5% forecast by economists and reaching the best level since June 2011. ISM reported that 15 out of the 18 industries it follows reported growth. | |||||||
| The Commerce Department reported consumer spending advanced a seasonally adjusted 0.2% last month. That matched the estimate of economists polled by MarketWatch. Americans kept spending a tax increase and the biggest drop in income in 20 years. Incomes sank 3.6% in January after spiking 2.6% in December. Companies front loaded bonuses in December to avoid higher tax rates in January, accounting for the big swing. | |||||||
| Consumers are happier. The University of Michigan-Thomson Reuters consumer-sentiment gauge rose to a final February reading of 77.6 — the highest level since November — from a January reading of 73.8. Economists polled by MarketWatch expected a final February reading of 76.4. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/manufacturing-sector-revs-up-in-february-2013-03-01?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/worst-income-dip-in-20-years-doesnt-stop-spending-2013-03-01 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-at-three-month-high-in-february-2013-03-01 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Market-Update-Report.mp3 | ||||||