| The KUIK Morning Market Report for Monday, June 16: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (11) | points | 16,764 | 6:57 AM | ||
| S&P500 | Up | 0.1% | percent | 1,939 | 2.44 | ||
| Nasdaq Composite | Up | 0.2% | percent | 4,318 | 7.83 | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.41 | Annual Yield | ||
| The Federal Reserve reports Industrial production increased 0.6% in May, after falling 0.3% in April and rising 0.8% in March. Economists expected a 0.5% gain. Mining output grew 1.3%, manufacturing rose 0.6% while utilities fell 0.8%. Compared to May 2013, industrial production grew 4.3%. Capacity utilization rose to 79.1% from April’s revised 78.9%. | |||||||
| The International Monetary Fund cut its growth estimate for the U.S. to 2% for 2014, down from the 2.8% it projected in April. The IMF still expects 3% growth in 2015. The IMF says though there is a “meaningful” rebound, it won’t be enough to offset the first quarter that was hit by a harsh winter, inventory drawdowns, a still-struggling housing market and slower external demand. | |||||||
| Manufacturing activity in the New York region held steady in June after hitting an almost four-year high in May, according to the Federal Reserve Bank of New York. The Empire State general business conditions index inched up to 19.3 in June from 19.0 in May. The increase was unexpected. Economists expected a drop to 16.7. Readings above zero signal expansion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-climbs-06-in-may-2014-06-16 | |||||||
| http://www.marketwatch.com/story/imf-cuts-2014-longer-term-us-growth-forecasts-2014-06-16 | |||||||
| http://www.marketwatch.com/story/june-empire-state-index-steady-at-4-year-high-2014-06-16 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||