| The KUIK Market Update for Friday, September 26: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 63 | points | 17,009 | 7:57 AM | ||
| S&P500 | Up | 0.2% | percent | 1,970 | 4.24 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,479 | 12.31 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.23 | Annual Yield | ||
| Great results from Nike. Nike reported its fiscal first quarter earnings yesterday after the close. The company’s profit, sales, and orders all exceeded Wall Street expectations. Nike shares are up 11% to $88.63. | |||||||
| The U.S. economy grew at a 4.6% annual pace in the second quarter, matching the best performance since the recession ended in 2009. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, according to the Commerce Department. Americans spent more on health care, but the gain was offset by lower spending on other services. Consumer spending was unchanged at 2.5% growth. The biggest gains came in business investment, a good sign for the economy in the months ahead. Exports had the biggest increase in three years. | |||||||
| The final September reading on the University of Michigan/Thomson Reuters consumer sentiment index held steady at 84.6. This is the highest level since July 2013 and above August’s final 82.5. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nike-jumps-after-profit-sales-beat-expectations-2014-09-25 | |||||||
| http://www.marketwatch.com/story/us-second-quarter-gdp-growth-revised-up-to-46-from-42-2014-09-26 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-rises-in-september-to-846-2014-09-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||