| The KUIK Morning Market Report for Friday, August 21: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (147) | points | 16,832 | 7:00 AM | ||
| S&P500 | Down | -0.8% | percent | 2,020 | (15.53) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,841 | (36.98) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.75 | Annual Yield | ||
| Early Friday, the preliminary Caixin China Manufacturing Purchasing Managers’ Index, a gauge of nationwide manufacturing activity, fell to a 77-month low in August to 47.1, compared with a final reading of 47.8 in July. The Shanghai Composite Indexclosed down 4.3% at 3,507.74, just slightly above its July 8 low. That puts the index 32% from its June 12 peak, which had been its highest in seven years. | |||||||
| U.S. manufacturers expanded in August but the growth tapered off to the slowest rate since October 2013, according to Markit. The Markit purchasing Managers Index fell to 52.9 from 53.8 in July. Readings over 50 indicate that more manufacturers are growing instead of contracting. Some companies said the growth outlook at become more cloudy, partly because of a stronger dollar that’s hurting exports. Companies are becoming cautious on hiring new workers. | |||||||
| U.S. oil prices reversed overnight gains pressured by rising supply levels a. October crude is off 0.7%, to $41.05 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-prices-under-pressure-in-asia-after-weak-chinese-manufacturing-data-2015-08-21 | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-falls-to-lowest-level-since-october-2013-2015-08-21?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/oil-prices-under-pressure-in-asia-after-weak-chinese-manufacturing-data-2015-08-21 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||