The KUIK Morning Market Report for Friday, June 30:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
69
points
21,355
7:21 AM
S&P500
Up
0.2%
percent
2,424
3.98
Nasdaq Composite
Down
-0.2%
percent
6,135
(9.27)
30 Year Treasury
Up
2
Basis Points
2.83
Annual Yield
The Commerce Department reports consumer spending rose 0.1% in May after 0.4% gains in April and March. That matched expectations. Inflation fell, with the Personal Consumption Expenditures index faling 0.1% for the second drop in three months. The annual rate of inflation fell to 1.4% in May from 1.7% in April and February’s five-year high of 2.1%. The drop in inflation has boosted real disposable income by 0.6% in May, for biggest gain since December 2012.
The Chicago Business Barometer rose to 65.7 in June from 59.4 in May. That’s the highest level since May 2014. Suggesting the steady growth in the U.S. economy will continue.
President Trump’s commission on election integrity has asked all 50 states to provide voter rolls going back to 2006, and personal information including names, birth dates and partial Social Security numbers of all registered voters. The request is facing a backlash by states that say the request is unnecessary and unwarranted. California, Virginia, and Kentucky already say they won’t cooperate
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
