The KUIK Morning Market Report for Monday, June 26:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
100
points
21,493
7:11 AM
S&P500
Up
0.4%
percent
2,448
9.23
Nasdaq Composite
Up
0.2%
percent
6,280
14.73
30 Year Treasury
Down
(2)
Basis Points
2.69
Annual Yield
The Commerce Department reports orders for durable goods such as planes and computers fell 1.1% in May for the second month in a row and registered the biggest drop in six months, suggesting that an early-year surge has faded.Economists expected only a 0.8% drop. Orders for commercial airplanes, which often show big swings, fell almost 12% in May. Orders for new autos rose 1.3% and increased for the second straight month.
If the stock market does not appeal to you, the disco dance floor from 1977’s “Saturday Night Fever” will go up for auction at the end of this month. The flashing platform, on which John Travolta strutted into stardom, is expected to fetch $1 million to $1.5 million as part of a Hollywood memorabilia sale by auction house Profiles in History, which will take place June 26-28, in California and online. Just keep "Stayin’ Alive" and try and figure out "How Deep is Your Love."
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
