| The KUIK Morning Market Report for Monday, November 17: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (4) | points | 17,631 | 7:04 AM | ||
| S&P500 | Down | 0.0% | percent | 2,039 | (0.58) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,686 | (2.15) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.06 | Annual Yield | ||
| The Empire State manufacturing index rose to 10.2 in November up from 6.2 in October according to the New York Federal Reserve. Economists expected 10.5. Readings above zero mean improving conditions. The index was at 27.5 in September. The new orders were positive in November but unfilled orders, delivery times, and the average employee workweek are still negative. The index for expected general conditions rose to 47.6, its highest level since January 2012. | |||||||
| The Federal Reserve reports Industrial production fell an unexpected seasonally adjusted 0.1% in October, the second drop in the last three months. Economists expected a 0.2% gain. September was revised down to a 0.8% gain from a 1.0% increase. In October, manufacturing output rose 0.2%, but mining output dropped 0.9% and utilities output fell 0.7%. Capacity utilization fell to 78.9%, below the expected 79.3%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/empire-state-index-rebounds-to-102-in-november-2014-11-17 | |||||||
| http://www.marketwatch.com/story/industrial-production-falls-unexpected-01-in-october-2014-11-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||