| The KUIK Market Update for Wednesday, October 15: | |||||||
| Markets are down, but up off their lows. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (122) | points | 16,193 | 12:07 PM | ||
| S&P500 | Down | -0.8% | percent | 1,863 | |||
| Nasdaq Composite | Down | -0.6% | percent | 4,200 | |||
| 30 Year Treasury | Down | (13) | Basis Points | 2.83% | Annual Yield | ||
| Republicans’ chances for taking over the Senate in the midterm elections rose to their highest point yet in a new average of polls. As of yesterday morning, Vox.com’s average of forecasts gives the GOP a 69% chance of taking the Senate from Democrats. The average is made up of six forecasts from the New York Times, fivethirtyeight.com and others like the Washington Post, last week it gave Republicans a 95% chance of winning the Senate. | |||||||
| The New York Fed’s survey of consumer expectations found that median household income growth expectations rose to 2.9% from 2.5% in August, highest level in 16 months. Sluggish wage growth is one of the key factors restraining the U.S. economy. According to Sentier Research, median annual household income in July was just 1.7% higher than July of 2013. | |||||||
| The Empire State Manufacturing index fell sharply to 6.2 in October, after hitting a five-year high of 27.5 in September. Economists expected only a slight drop to 21. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/republicans-senate-takeover-chances-highest-yet-in-poll-average-2014-10-14 | |||||||
| http://www.marketwatch.com/story/us-consumers-expect-biggest-pay-bump-in-16-months-2014-10-14 | |||||||
| http://www.marketwatch.com/story/empire-state-manufacturing-index-slows-sharply-in-october-2014-10-15 | |||||||
| For today’s Market Update Report click to listen-> | |||||||