| The KUIK Market Update for Friday, May 1: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 128 | points | 17,968 | 8:09 AM | ||
| S&P500 | Up | 0.6% | percent | 2,098 | 12.52 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,977 | 35.25 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 2.82 | Annual Yield | ||
| The Institute for Supply Management said its manufacturing index was flat at 51.5% for April, below the 52.2% forecast by economists. Readings over 50% indicate more companies are expanding instead of shrinking. The employment gauge fell to the lowest level since September 2009 as the economy was coming out of recession. New-orders rose. Fifteen of the eighteen industries tracked reported growth last month, up from just 10 in March. | |||||||
| The Commerce Department reports outlays for U.S. construction projects fell 0.6% in March to a seasonally adjusted annual rate of $967 billion. Economists expected only a 0.5% drop, compared with an originally reported decrease of 0.1% in February. For private projects in March, spending fell 1.6% for residential projects, and rose 1% for nonresidential projects. For public projects, spending fell 1.5%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ism-manufacturing-index-flat-in-april-but-hiring-turns-negative-2015-05-01 | |||||||
| http://www.marketwatch.com/story/march-construction-spending-down-06-2015-05-01-1091925 | |||||||
| For today’s Market Update Report click to listen-> | |||||||