| The KUIK Market Update for Tuesday, August 5: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (74) | points | 16,495 | 8:04 AM | ||
| S&P500 | Down | -0.5% | percent | 1,930 | (8.74) | ||
| Nasdaq Composite | Down | -0.3% | percent | 4,370 | (13.80) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.32 | Annual Yield | ||
| The HSBC China services Purchasing Managers’ Index in July slipped to 50.0 the lowest level since the index was started in November of 2005 and on the edge between expansion and contraction, down from 53.1 in June. | |||||||
| In the US, The Institute for Supply Management said its services index rose to 58.7% up from 56.0% in June, for the highest level since December 2005. That’s the first time the index has topped 57% during the five-year-old recovery. Sixteen of 18 industries reported growth. | |||||||
| Factory orders in June climbed a seasonally adjusted 1.1%, according to the Commerce Department, topping the 0.6% gain forecast by economists. That’s the fourth gain in five months and the level of $503.2 billion is the highest on record. Durable-goods orders rose 1.7%, higher than the initially estimated 0.7% gain. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/hsbc-china-services-pmi-falls-to-record-low-2014-08-04 | |||||||
| http://www.marketwatch.com/story/us-firms-post-fastest-growth-in-years-ism-2014-08-05?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/factory-orders-jump-11-in-june-2014-08-05 | |||||||
| For today’s Market Update Report click to listen-> | |||||||