| The KUIK Market Update for Monday, February 2: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 18 | points | 17,183 | 8:12 AM | ||
| S&P500 | Down | -0.1% | percent | 1,993 | (1.61) | ||
| Nasdaq Composite | Down | -0.5% | percent | 4,613 | (21.97) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.27 | Annual Yield | ||
| The Commerce Department reported consumer spending fell a seasonally adjusted 0.3% in December. That was the biggest drop since September of 2009. But it was offset by a gain in personal incomes, which were up by 0.3% which matach expectations. When adjusted for falling inflation real personal consumption expenditure spending was down only 0.1%. | |||||||
| The Commerce Department also reports spending on U.S. construction projects rose 0.4% in December to a seasonally adjusted annual rate $982.1 billion, led by public projects. Economists expected a 0.7% increase in December compared with originally reported 0.3% drop in Novembe revised up to a 0.2%. Private-construction spending rose 0.1% in December, with a 0.3% increase for residential projects and a 0.2% drop for nonresidential projects. Public-construction spending rose 1.1%. | |||||||
| The Stoxx Europe 600 Index today fell 0.6% to 365. The index on Friday marked a January rise of 7.2%, the strongest percentage gain since October 2011. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-falls-by-most-in-5-years-2015-02-02 | |||||||
| http://www.marketwatch.com/story/december-construction-spending-climbs-04-2015-02-02-1091432 | |||||||
| http://www.marketwatch.com/story/european-stocks-losing-steam-ryanair-shares-fall-2015-02-02?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||