| The KUIK Market Update for Friday, August 2: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (58) | points | 15,571 | 8:02 AM | ||
| S&P500 | Down | -0.25% | percent | 1,703 | (4.27) | ||
| Nasdaq Composite | Down | -0.16% | percent | 3,670 | |||
| 30 Year Treasury | Down | (8) | Basis Points | 3.69 | Annual Yield | ||
| The Department of Labor reports the unemployment rate fell to 7.4% in July, lowest level since December 2008, but the economy gained only 162,000 jobs last month, a sign that the economy is still struggling to break out of a slow-growth phase. | |||||||
| The Commerce Department reports factory orders rose 1.5% in June to a seasonally adjusted annual rate of $496.7 billion, Economists polled by MarketWatch expected a 2.3% growth rate. Shipments fell 0.4% | |||||||
| The Commerce Department also reported consumer spending outpaced income growth in June. Consumer spending rose 0.5% in June, in line with expectations. Personal income rose only 0.3%, below economists forecasts of a 0.5% gain. The savings rate fell to 4.4% from 4.6% in May. Excluding inflation, real disposable incomes fell 0.1% in June after rising 0.2% in May. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/162000-jobs-created-in-us-during-july-2013-08-02 | |||||||
| http://www.marketwatch.com/story/factory-orders-rise-15-in-june-2013-08-02 | |||||||
| http://www.marketwatch.com/story/us-spending-outpaces-income-growth-in-june-2013-08-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||