| The KUIK Morning Market Report for Friday, August 30: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (5) | points | 14,837 | 6:55 AM | ||
| S&P500 | Up | 0.05% | percent | 1,639 | 0.79 | ||
| Nasdaq Composite | Down | -0.16% | percent | 3,614 | (5.95) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.71 | Annual Yield | ||
| The Commerce Department reports consumer spending in July edged up 0.1% on a seasonally adjusted basis. Personal incomes also rose 0.1%. Economists surveyed by MarketWatch expecteda 0.3% advance in spending and a 0.1% gain in personal incomes. The personal savings rate held steady at 4.4% and inflation increased 0.1%. | |||||||
| Japan’s industrial production rose 3.2% in July according to Japan’s Ministry of Economy, Trade and Industry, swinging up from a 3.1% drop in June. The result trailed expectations for a 3.7% gain, according to Reuters. General-purpose and “business-oriented” machinery led the gains, followed by electronic parts. | |||||||
| The Chicago Purchasing Managers Index, or the Chicago business barometer, rose slightly in August 53.0 from 52.3 in July. Economists expected 53.5. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-spending-barely-rises-in-july-2013-08-30 | |||||||
| http://www.marketwatch.com/story/japans-july-industrial-output-swings-to-32-rise-2013-08-29 | |||||||
| http://www.marketwatch.com/story/chicago-pmi-climbs-slightly-in-august-to-530-2013-08-30 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||