| The KUIK Morning Market Report for Monday, March 2: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 86 | points | 18,219 | 7:01 AM | ||
| S&P500 | Up | 0.3% | percent | 2,110 | 5.94 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,993 | 29.47 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.62 | Annual Yield | ||
| The Commerce Department reports consumer spending in January fell a seasonally adjusted 0.2%. It fell for the second straight month for the first time since early 2009, as Americans paid less for gasoline and increased their savings. Personal incomes rose 0.3%. Economists expected a 0.1% decrease in spending and a 0.4% gain in incomes. The savings rate climbed to 5.5% from 5% in December. Inflation measured by the Personal Consumption Expenditures price index decreased 0.5% in January and is up only 0.2% in the past year. | |||||||
| The Stoxx Europe 600 index fell 0.5% to 390.27, as energy, consumer goods, and industrial shares all fell . Stocks had been slightly higher earlier in the session after Markit’s final February reading of manufacturing activity confirmed modest growth, with the purchasing manufacturer’s index holding steady at 51.0. Investors are booking gains ahead of the European Central Bank’s meeting on Thursday and the monthly U.S. jobs report due out Friday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-drops-for-second-straight-month—first-time-since-2009-2015-03-02 | |||||||
| http://www.marketwatch.com/story/european-stocks-cling-to-multiyear-high-after-manufacturing-data-2015-03-02 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||