| The KUIK Market Update for Monday, June 1: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (3) | points | 18,008 | 7:55 AM | ||
| S&P500 | Down | -0.2% | percent | 2,104 | (3.19) | ||
| Nasdaq Composite | Down | -0.2% | percent | 5,062 | (7.92) | ||
| 30 Year Treasury | Up | 6 | Basis Points | 2.91 | Annual Yield | ||
| The Commerce Department reports consumer spending was flat in April as Americans increased savings. Personal incomes rose a seasonally adjusted 0.4% after no gain in March. Economists expected a 0.1% increase in spending and a 0.3% gain in income.The savings rate increased to 5.6% from 5.2%. Inflation as gauged by the Personal Consumption Expenditures price index was unchanged. | |||||||
| The Institute for Supply Management’s manufacturing index rose to 52.8 in May up from 51.5 in April. Slightly better than the MarketWatch-compiled economist survey that expected 51.8. The index is at a three month high, but below the 54.9 twelve month average. The main components were good with new-orders and employment up. The production index fell 1.5 points to a still-solid 54.5. Comments from purchasing managers indicated that West Coast port strike issues have eased, but the dollar’s strength and oil’s weakness depressing energy-industry demand ae still concerns. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-softens-again-flat-in-april-2015-06-01 | |||||||
| http://www.marketwatch.com/story/solid-tone-to-manufacturing-report-from-ism-in-may-2015-06-01?link=MW_home_latest_news | |||||||
| For today’s Market Update Report click to listen-> | |||||||