| The KUIK Market Update for Wednesday, July 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 29 | points | 18,083 | 8:07 AM | ||
| S&P500 | Up | 0.2% | percent | 2,113 | 3.90 | ||
| Nasdaq Composite | Up | 0.3% | percent | 5,121 | 16.47 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.18 | Annual Yield | ||
| The Stoxx Europe 600 was up 0.3% to 399.43, with only consumer goods and industrial sectors slightly lower. Stocks began their advance as the European Commission proposed extending a €7 billion ($7.71 billion) bridge loan to Greece. If approved by the 28 members of the EU, Greece could meet its immediate funding needs, including a repayment of €3.5 billion due Monday to the European Central Bank. | |||||||
| The Empire State index of manufacturing conditions in the New York area swung back to positive territory in July, according to the New York Fed. The index rose to 3.9 from a negative 2 in June, in line with expectations. Readings above zero indicate improving conditions but the report’s internals weren’t great, with new orders becoming more negative and shipments falling. | |||||||
| Led by energy, the prices that U.S. companies paid to produce goods and services rose in June for a second month, according to the Labor Department. The producer price index rose 0.4%, more than analysts had expected. Economists expected a 0.2% rise in June, compared with 0.5% in May. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slip-with-vote-on-greek-deal-ahead-2015-07-15 | |||||||
| http://www.marketwatch.com/story/empire-state-index-returns-to-positive-ground-with-39-reading-2015-07-15 | |||||||
| http://www.marketwatch.com/story/gasoline-leads-producer-prices-higher-2015-07-15 | |||||||
| For today’s Market Update Report click to listen-> | |||||||