The KUIK Morning Market Report for Wednesday, August 26: |
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Markets are trying to rebound again. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Up |
308 |
points |
15,974 |
7:47 AM |
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S&P500 |
Up |
1.6% |
percent |
1,898 |
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29.92 |
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Nasdaq Composite |
Up |
1.7% |
percent |
4,585 |
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78.40 |
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30 Year Treasury |
Up |
4 |
Basis Points |
2.89 |
Annual Yield |
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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. |
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Here in the US, the Commerce Department reports durable-goods orders rose a seasonally adjusted 2% in July after a 4.1% gain in June, much stronger than Wall Street expected. Bookings for new cars and trucks and military hardware led the way. Orders rose 4% for autos and 22.3% for large defense goods such as fighters. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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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 |
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For today’s Morning Market Report click to listen-> |
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