| The KUIK Market Update for Monday, July 27: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (105) | points | 17,463 | 8:02 AM | ||
| S&P500 | Down | -0.4% | percent | 2,072 | (7.57) | ||
| Nasdaq Composite | Down | -0.6% | percent | 5,060 | (28.56) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.94 | Annual Yield | ||
| The Shanghai Composite Index ended down 8.5% to 3,725.56, its second-straight day of losses and worst daily percentage fall since February 2007. China’s main index is up 6% from its recent low on July 8, but still off 28% from its high in June. The smaller Shenzhen Composite fell 7% to 2,160.09. The selling came as investors fear the government is curbing its buying of blue-chip stocks, and could be testing whether the market can support itself without intervention. | |||||||
| The Commerce Department reports orders for durable U.S. goods climbed 3.4% in June, mostly because of strong bookings for passenger planes. Overall business investment remained soft and shipments of goods barely rose. Economists expected a 2.6% gain. Orders minus transportation rose 0.8%. That’s the highest gain since August 2014. Core capital goods rose 0.9% in June following two straight declines. but they are running 3.4% below 2014 levels halfway through the year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/shanghai-plunges-8-on-worries-beijing-is-ratcheting-down-inflows-2015-07-27 | |||||||
| http://www.marketwatch.com/story/durable-goods-orders-rise-34-in-june-but-business-investment-still-soft-2015-07-27 | |||||||
| For today’s Market Update Report click to listen-> | |||||||