| The KUIK Morning Market Report for Monday, June 23: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (15) | points | 16,932 | 7:00 AM | ||
| S&P500 | Up | 0.0% | percent | 1,963 | 0.29 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,371 | 2.63 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.42 | Annual Yield | ||
| Economic activity accelerated in May, according to the Chicago Fed national activity index. The index rose to 0.21 in May from negative 0.15 in April, where a reading of zero is equal to trend growth. The index is a weighted average of 85 indicators of national economic activity. | |||||||
| The Markit Economics flash manufacturing purchasing managers index for the U.S. edged higher to a 57.5 reading in June from 56.4 in May. The index is at its highest level since May 2010. Output picked up for the third straight month and orders and employment also increased. | |||||||
| The preliminary version of HSBC’s China manufacturing Purchasing Managers’ Index jumped to 50.8 from a final read of 49.4 in May. It was the first time since December that the HSBC PMI was above the 50 level that indicates growth. | |||||||
| Oracle is in the spotlight as the business-software giant said it will acquire hospitality and retail industry software developer Micros Systems for $5.3 billion. Micros shares rose 3% to $67.84 after the deal was announced. Oracle was off slightly at $40. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/economic-growth-accelerates-in-may-national-activity-index-shows-2014-06-23 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-accelerates-in-june-2014-06-23?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/china-manufacturing-surprises-with-growth-2014-06-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||