| The KUIK Market Update for Monday, March 24: | |||||||
| Markets are trading down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (61) | points | 16,242 | 8:08 AM | ||
| S&P500 | Down | -0.80% | percent | 1,852 | (15.01) | ||
| Nasdaq Composite | Down | -1.91% | percent | 4,195 | (81.82) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.60 | Annual Yield | ||
| The initial US Markit Purchasing Managers Indexfell to 55.5 in March from 57.1 in February, but still showed improving conditions for manufacturers. Readings over 50 indicate growth. In March, output was mostly unchanded, new orders and employed dipped slightly. The drop in March comes after the index rose in February to the highest level in almost four years, helped by manufacturers catching up after the harsh weather in January. | |||||||
| Europe’s economy expanded for a ninth-straight month in March, according to Markit’s preliminary purchasing managers’ index. The “flash” composite PMI came in at 53.2, down slightly from February’s 32-month high of 53.3. Economists expected 53.4. New-orders accelerated to the fastest pace since May 2011, while the increase in backlogs of work was the biggest since June of that year. Employment rose for a second month, providing the first signs of job creation since the end of 2011. Both the manufacturing and services indices fell slightly. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-flash-markit-pmi-falls-to-555-n-march-2014-03-24 | |||||||
| http://www.marketwatch.com/story/euro-zone-economy-expands-further-in-march-2014-03-24 | |||||||
| For today’s Market Update Report click to listen-> | |||||||