| The KUIK Morning Market Report for Wednesday, August 26: | |||||||
| Markets are trying to rebound again. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 308 | points | 15,974 | 7:47 AM | ||
| S&P500 | Up | 1.6% | percent | 1,898 | 29.92 | ||
| Nasdaq Composite | Up | 1.7% | percent | 4,585 | 78.40 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 2.89 | Annual Yield | ||
| Trading in China was volatile, with the Shanghai Composite falling nearly 4% in the morning, before rising more than 4% just before the close. It dropped again, finishing down 1.3% at 2,927.29. The smaller Shenzhen Composite Index fell 3.1%. The People’s Bank of China said it will add $21.80 billion to the financial system. That comes a day after it cut interest rates and lowered the reserve-requirements for banks. | |||||||
| Here in the US, the Commerce Department reports durable-goods orders rose a seasonally adjusted 2% in July after a 4.1% gain in June, much stronger than Wall Street expected. Bookings for new cars and trucks and military hardware led the way. Orders rose 4% for autos and 22.3% for large defense goods such as fighters. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/asia-markets-seesaw-after-chinas-easing-moves-disappoint-2015-08-26 | |||||||
| http://www.marketwatch.com/story/rise-in-durable-goods-orders-points-to-business-investment-perking-up-2015-08-26?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | |||||||