| The KUIK Market Update for Monday, August 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (86) | points | 17,607 | 7:57 AM | ||
| S&P500 | Down | -0.1% | percent | 2,101 | (2.51) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,124 | (4.10) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 2.89 | Annual Yield | ||
| The Institute for Supply Management’s manufacturing index fell to 52.7% in July, down from 53.5% in June amd below the 53.7% forecast of economists. Readings over 50% indicate more companies are expanding instead of shrinking. New orders were up slightly while employment fell sharply. | |||||||
| The Commerce Department reports spending on U.S. construction projects rose 0.1% in June,below forecast. Economists expected a 0.8% increase. May was revised up sharply to 1.8% from 0.9%. Home builders have been busy at working on smaller units such as apartments and condos. Construction outlays increased to a seasonally adjusted annual rate of $1.06 billion in June. Spending advanced 0.4% for new houses, condos, apartment buildings and other residential properties. Nonresidential and commercial projects were flat. | |||||||
| Oil prices fell to fresh four-month lows today, pressured by prospects for fresh Iranian supply, a rise in the number of U.S. oil rigs last week, and weak China manufacturing data. September cured is off 2%, to $46.11 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/early-release-of-ism-index-shows-drop-to-527-in-july-2015-08-03 | |||||||
| http://www.marketwatch.com/story/us-construction-spending-slows-to-01-gain-in-june-2015-08-03?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/oil-falls-to-4-month-low-hit-by-data-on-china-rigs-2015-08-03?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||