| The KUIK Market Update for Monday, August 17: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 2 | points | 17,480 | 7:56 AM | ||
| S&P500 | Up | 0.1% | percent | 2,094 | 2.06 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,060 | 11.53 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.81 | Annual Yield | ||
| The Empire State general business conditions index had a big drop to negative 14.9, down from from positive 3.9 in July, marking the worst level since April 2009, according to the the New York Federal Reserve. Any positive number indicates improving conditions, and it was worse than the positive 4.5 forecast by economists. New orders and shipments both fell, as well as unfilled orders, delivery time, inventories, and average employee workweek. Prices received was still barely positive. Future business activity rose. | |||||||
| The National Association of Home Builders/Wells Fargo housing market index rose 1 point to 61, highest level since November 2005. Economists expected 59. Readings above 50 indicate “good” conditions. “Today’s report is consistent with our forecast for a gradual strengthening of the single-family housing sector in 2015,” said NAHB Chief Economist David Crowe. Buyer traffic increased two points to 45 and current sales conditions rose one point to 66. Sales expectations for the next six months held steady at 70. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/empire-state-index-tumbles-to-recession-era-levels-2015-08-17?dist=beforebell | |||||||
| http://www.marketwatch.com/story/home-builder-confidence-reaches-highest-level-in-nearly-10-years-2015-08-17?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||