The KUIK Closing Market Report for Wednesday, September 6:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
54
points
21,808
2:24 PM
S&P500
Up
0.3%
percent
2,466
7.69
Nasdaq Composite
Up
0.3%
percent
6,393
17.74
30 Year Treasury
Up
3
basis points
2.72
Annual Yield
The Federal Reserve’s Beige Bookis a collection of anecdotes about the economy gathered before the fed makes interest-rate decisions. It said reports were mixed about auto production. In Cleveland, year-to-date production at assembly plants declined more than 16% when compared with the same period a year ago, although much of decline was due to retooling. Slowing demand for autos has led some contacts to lower their outlook for the economy during the past few months. In Chicago, a contact noticed auto suppliers no longer are searching for space to build new factories. Several districts noted auto sales were down and inventories were rising. Autodata reported last week that vehicle sales in August slumped to their worst rate in more than three years.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
