Market Update Report 2/27/2015 | Beacon Rock Wealth Advisors

The KUIK Market Update for Friday, February 27:

Markets are down.

Index	Direction	Change	Units		Time	Change
Dow	Down	(16)	points	18,198	7:50 AM
S&P500	Up	0.0%	percent	2,112		0.82
Nasdaq Composite	Down	-0.1%	percent	4,986		(2.35)
30 Year Treasury	Up	1	Basis Points	2.62	Annual Yield

The Commerce Department reports gross domestic product grew at a revised 2.2% in the 4th quarter of 2014, down from an original estimate of 2.6%. Inventories increased by only $88.4 billion instead of $113.1 billion. Consumer spending was still strong, up 4.2% for the biggest increase since 2010. Inflation fell to 0.4% annually, while the core rate excluding food and energy increased at 1.1%. For all of 2014, the U.S. economy grew 2.4%, compared to 2.2% in 2013, and 2.3% in 2012.



MNI Indicators reports February’s Chicago Purchasing Managers Index fell to a five-and-a-half year low of 45.8, down from 59.4 in January and below the 50 mark indicating contraction, came after double-digit drops in production, new orders, order backlogs, and employment. The West Coast port strike and the harsh winter probably hurt the index.



Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/us-fourth-quarter-gdp-trimmed-to-22-from-26-2015-02-27

http://www.marketwatch.com/story/chicago-pmi-tumbles-to-five-and-half-year-low-in-february-2015-02-27


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