| The KUIK Market Update for Wednesday, August 26: | |||||||
| Markets are trying to rebound again. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 237 | points | 15,911 | 8:09 AM | ||
| S&P500 | Up | 1.6% | percent | 1,898 | 30.02 | ||
| Nasdaq Composite | Up | 1.7% | percent | 4,583 | 76.22 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.88 | Annual Yield | ||
| Trading in China was volatile, with the Shanghai Composite falling nearly 4% in the morning, before rising more than 4% just before the close. It dropped again, finishing down 1.3% at 2,927.29. The smaller Shenzhen Composite Index fell 3.1%. The People’s Bank of China said it will add $21.80 billion to the financial system. That comes a day after it cut interest rates and lowered the reserve-requirements for banks. | |||||||
| Here in the US, the Commerce Department reports orders for durable or long-lasting U.S. goods rose 2% in July, led by demand for automobiles and military hardware. That was much stronger than the seasonally adjusted 0.6% drop forecast by economists. Orders minus transportation rose a smaller 0.6%. Orders for core capital goods — a proxy for business investment — climbed 2.2% for the biggest gain in 13 months. But business investment over the past year is down 3.8%, reflecting more cautious spending by manufacturers. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/asia-markets-seesaw-after-chinas-easing-moves-disappoint-2015-08-26 | |||||||
| http://www.marketwatch.com/story/rise-in-durable-goods-orders-points-to-business-investment-perking-up-2015-08-26?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||