| The KUIK Morning Market Report for Friday, May 15: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (7) | points | 18,245 | 6:59 AM | ||
| S&P500 | Down | -0.1% | percent | 2,120 | (1.17) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,048 | (3.25) | ||
| 30 Year Treasury | Down | (7) | Basis Points | 2.99 | Annual Yield | ||
| The New York Federal Reserve Bank reports the Empire State manufacturing index moved back into positive territory in May. The first read on manufacturing conditions for the month, moved up to 3.1 from negative 1.2 in April. Economists expected 5.5. Orders also rose ten points into positive territory while shipments were steady. The prices-paid index fell to its lowest level in almost three years. There is little optimism among manufacturers. The six-month outlook worsened to 29.8 in May from 37.1 in April, not far above a two-year low of 25.6 hit in February. | |||||||
| The Federal Reserve says industrial production fell a seasonally adjusted 0.3% in April. Revised data showed the fifth straight decline in output. Economists forecast a 0.2% decline in April. Manufacturing output was flat and excluding autos down 0.1%. Mining and utilities output declined and capacity utilization fell to 78.2% from 78.6% in March, indicating little pressure on prices. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/empire-state-factory-gauge-rebounds-slightly-to-31-in-may-2015-05-15 | |||||||
| http://www.marketwatch.com/story/industrial-production-slumps-03-in-april-for-5th-straight-decline-2015-05-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||