| The KUIK Morning Market Report for Friday, July 25: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (108) | points | 16,975 | 6:59 AM | ||
| S&P500 | Down | -0.3% | percent | 1,982 | (6.26) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,453 | (18.83) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.26 | Annual Yield | ||
| The Commerce Department reports that orders for durable goods ros 0.7% in June. That beat expectations. Economists expected only a 0.2% rise . May’s orders were revised downward for 1% drop. Auto orders fell 2.1% in the month while civilian aircraft rose 8.2%. Taking out the volatile transportation sector, orders rose 0.8% and excluding defense, orders rose 0.7% after a 0.2% gain in May. | |||||||
| The International Monetary Fund warned yesterday that former Treasury Secretary Larry Summers may be right with his warning of “secular stagnation.” Summers has argued that the U.S. could be trapped in a savings glut with weak demand, leading to the need to keep interest rates ultra-low. The best way out of it, he argues, is deficit spending. | |||||||
| Japanese stocks rallied on today, hitting six months highs, as the yen weakened and domestic inflation data came out in line with market expectations. The Nikkei Average ended up 1.1% to 15,457.87, capping the week with a 1.6% gain. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-rise-solid-07-in-june-2014-07-25 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/07/24/imf-warns-of-risk-larry-summers-just-might-be-right/ | |||||||
| http://www.marketwatch.com/story/japan-stocks-advance-to-six-month-closing-high-2014-07-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||