| The KUIK Market Update for Monday, March 3: | |||||||
| Markets are negative. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (163) | points | 16,219 | 7:45 AM | ||
| S&P500 | Down | -0.79% | percent | 1,845 | (14.61) | ||
| Nasdaq Composite | Down | -0.91% | percent | 4,269 | (39.39) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.56 | Annual Yield | ||
| European stock markets posted sharp losses today after tensions in Ukraine escalated over the weekend, when Russia’s President Vladimir Putin received parliamentary approval to send in Russian forces. The Stoxx Europe 600 index slumped 2% to 331.22, heading for the lowest close since mid-February. | |||||||
| Outlays for U.S. construction projects rose 0.1% in January to a seasonally adjusted annual rate of $943.1 billion, led by private projects, according to the Commerce Department. Economists expected a 0.4% decrease . Private-construction spending rose 0.5% in January, with a 1.1% increase for residential projects and a 0.2% drop for nonresidential projects. Public-construction spending fell 0.8%. | |||||||
| U.S. manufacturers expanded in February at a somewhat faster pace, according to the Institute for Supply Managemen. Its index rose to 53.2% from 51.3% in January. Economists expected 52.5%, above 50 indicate more manufacturers are expanding instead of contracting. New-orders increased but employment was flat. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slump-as-ukraine-crisis-deepens-2014-03-03 | |||||||
| http://www.marketwatch.com/story/january-construction-spending-rises-01-2014-03-03-109174?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/ism-index-climbs-to-532-in-february-2014-03-03?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||