| The KUIK Morning Market Report for Monday, August 3: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (45) | points | 17,640 | 7:03 AM | ||
| S&P500 | Down | -0.1% | percent | 2,103 | (1.02) | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,137 | 9.18 | ||
| 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 Consumer spending rose a modest 0.2% in June, May was cut to a 0.7% gain, down from the originally reported 0.9%. The largest drop in spending was on big-ticket items like s new cars and trucks. Americans bought fewer vehicles in June after snapping up new autos in May at the highest pace since the recession ended more than six years ago. Spending on services such as electricity to cool homes rose in June. Personal incomes climbed 0.4% in June for the third straight month. | |||||||
| Greek share prices plunged today after trading resumed in Athens following a five-week halt. The Athex Composite was last down 17% to 661.82, recovering slightly after falling more than 20% in morning action. | |||||||
| 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/consumer-spending-takes-a-cooler-turn-in-june-2015-08-03 | |||||||
| http://www.marketwatch.com/story/greek-stock-market-dives-after-trading-resumes-2015-08-03?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||