| The KUIK Market Update for Tuesday, September 1: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (341) | points | 16,187 | 8:12 AM | ||
| S&P500 | Down | -1.8% | percent | 1,937 | (35.24) | ||
| Nasdaq Composite | Down | -1.4% | percent | 4,709 | (67.36) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.95 | Annual Yield | ||
| This morning the Institute for Supply Management said its U.S. manufacturing index fell to 51.1% in August from down 52.7% in July, weakest reading since May 2013 and below Wall Street forecasts. The growth in new orders was the softest in two years and companies scaled back employment plans.Exports fell again and remained below the 50% level for the sixth time in the past eight months. | |||||||
| The good news is outlays for U.S. construction projects rose 0.7% in July to a seasonally adjusted annual rate of $1.08 trillion, the highest level since May 2008, according to the Commerce Department and in line with expectations. But June revised up to a 0.7% increase compared with originally reported 0.1%. Private spending rose 1.3% in July, fueled by a 1.1% increase for residential projects and a 1.5% gain for commercial. Public-construction fell 1.0%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-manufacturers-grow-at-slowest-pace-in-two-years-ism-report-shows-2015-09-01?link=MW_home_latest_news | |||||||
| http://www.marketwatch.com/story/us-construction-spending-jumps-07-in-july-to-highest-level-in-seven-years-2015-09-01?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||