| The KUIK Morning Market Report for Friday, March 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (53) | points | 14,007 | 7:03 AM | ||
| S&P500 | Down | -0.38% | percent | 1,509 | (5.72) | points | |
| Nasdaq Composite | Down | -0.54% | percent | 3,143 | (17.05) | points | |
| 30 Year Treasury | Down | (4) | Basis Points | 3.05 | Annual Yield | ||
| The Commerce Department reported consumer spending advanced a seasonally adjusted 0.2% last month. That matched the estimate of economists polled by MarketWatch. 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. | |||||||
| The final reading of the Markit manufacturing purchasing managers index fell to 54.3 in February from 55.8 in January and a flash estimate of 55.2. Output rose to the fastest rate since March 2012, while the employment gauge was the weakest since November. The index is above the 50 line representing growth. | |||||||
| A government-sponsored survey of Chinese manufacturing activity released today showed growth in the sector’s activity slowing almost to a halt. The China Federation of Logistics & Purchasing’s manufacturing Purchasing Managers’ Index fell to 50.1 from January’s 50.4, missing expectations for a rise to 50.5, according to a Dow Jones. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/worst-income-dip-in-20-years-doesnt-stop-spending-2013-03-01 | |||||||
| http://www.marketwatch.com/story/final-us-manufacturing-pmi-revised-lower-2013-03-01 | |||||||
| http://www.marketwatch.com/story/china-manufacturing-slows-almost-to-a-halt-data-2013-02-28 | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||