| The KUIK Morning Market Report for Monday, September 16: | |||||||
| Markets are celebrating | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 129 | points | 15,505 | 7:10 AM | ||
| S&P500 | Up | 0.73% | percent | 1,700 | 12.30 | ||
| Nasdaq Composite | Up | 0.40% | percent | 3,737 | 14.97 | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.79 | Annual Yield | ||
| Marketwatch reports U.S. Treasurys rallied, sending yields lower, and the stock market has rallied, after former Treasury Secretary Lawrence Summers pulled out of the running for the chairmanship of the Federal Reserve, stoking expectations the central bank will be slower to wind down its program of bond purchases. | |||||||
| The Federal Reserve reports Industrial production rose 0.4% in August, the largest monthly change since February. The gain matched expectations. Manufacturing output rose 0.7%, mining output added 0.3%, while utilities output fell 1.5%. Compared to Aug. 2012, production is up 2.7%. | |||||||
| Manufacturing in the New York region improved at a slower pace in September than August, according to the Federal Reserve Bank of New York. The bank’s “Empire State” general business conditions index edged down to 6.3 in September from 8.2 in August. The decline was unexpected. A MarketWatch survey of economists called for a reading of 9.4. Readings over zero signal expansion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-yields-tumble-as-summers-exits-fed-race-2013-09-16 | |||||||
| http://www.marketwatch.com/story/industrial-production-rises-04-in-august-2013-09-16 | |||||||
| http://www.marketwatch.com/story/empire-state-index-edges-down-to-63-in-september-2013-09-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||