Morning Market Report 10/15/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, October 15:

Markets are down.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(43)	points	15,260	7:06 AM
S&P500	Down	-0.28%	percent	1,705		(4.73)
Nasdaq Composite	Down	-0.04%	percent	3,814		(1.42)
30 Year Treasury	Up	1	Basis Points	3.75	Annual Yield

Politico reports that House Republicans will push a separate bill to reopen the federal government and raise the U.S. debt limit. The bill comes as the Senate is closing in on a deal to fund government operations through Jan. 15 and extend the borrowing limit until Feb. 7. The House bill contains the same dates but delays the medical-device tax for two years and eliminates the Treasury’s capability to use extraordinary measures accounting gimicks.

Manufacturing in the New York region improved at a slowest pace in five months in October, according to the Federal Reserve Bank of New York. The “Empire State” general business conditions index moved down to 1.5 in October from 6.3 in September and the decline was larger than expected. Economists expected 6. Readings greater than zero signal expansion. The gain is the smallest since May and details were mixed. The new orders sub-index rose to 7.8 from 2.4 while shipments dropped 13.1 from 16.4, Number of employees dropped to 3.6 from 7.5 and the average workweek rose to 3.6 from 1.1.

Gold dropped to three-month low on optimisim the standoff in Washington will end this week. December gold fell 0.8%, to at $1,266.70 an ounce on the Comex.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/house-republicans-to-push-own-debt-shutdown-bill-2013-10-15-9915242
http://www.marketwatch.com/story/empire-state-index-moderates-to-15-in-october-2013-10-15
http://www.marketwatch.com/story/gold-dips-as-lawmakers-toil-in-washington-2013-10-14?dist=markets


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