| The KUIK Market Update for Tuesday, February 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 35 | points | 15,411 | 7:54 AM | ||
| S&P500 | Up | 0.40% | percent | 1,749 | 6.95 | ||
| Nasdaq Composite | Up | 0.48% | percent | 4,016 | 19.27 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.58 | Annual Yield | ||
| Orders for goods produced in U.S. factories fell 1.5% in December, according to the Commerce Department. Economists expected a 2% drop, down from originally estimated 1.8% for November, led by a drop for durable goods. Today the government revised November’s growth to 1.5%. Orders for durable goods which are products meant to last at least three years — fell 4.2% in December and Orders for nondurable goods rose 1.1% | |||||||
| Universities and agriculture agencies in nine states are closer to being allowed to grow hemp for research purposes, thanks to the farm bill soon to be approved by Congress. Cultivating hemp, a cousin of marijuana that is used to make rope, clothing, lotions and other products – is now prohibited by federal law. Nine states including Kentucky and Vermont have passed laws legalizing industrial farming of hemp. The bill would allow research on and growing of the crop without the threat of federal penalties. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-factory-orders-fall-15-in-december-2014-02-04-1091734 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/02/03/legal-hemp-cultivation-step-closer-as-farm-bill-heads-for-passage/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||