Morning Market Report 9/15/2015 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, September 15:

Markets are up.
\
Index	Direction	Change	Units		Time	Change
Dow	Up	47	points	16,417	7:05 AM
S&P500	Up	0.2%	percent	1,958		4.68
Nasdaq Composite	Up	0.3%	percent	4,819		13.23
30 Year Treasury	Up	3	Basis Points	2.98	Annual Yield

The New York Fed reports the Empire State manufacturing index for September remained weak, moving up to negative 14.7 from negative 14.9 in August, which was the lowest level since 2009. Economists expected it to move up to negative 2. Readings above zero indicate expansion. Orders stayed negative, and shipments improved slightly. Both number of employees and average workweek fell while the six-month outlook worsened suggesting a drop in business confidence.

The Commerce Department reports retail sales rose a seasonally adjusted 0.2% in August. Sales of autos and parts jumped 0.7% in August, the second straight strong gain. Auto dealers are on track to sell the most cars this year since 2007, helped in part by cheapest gasoline. Retail sales were up a healthy 0.4% excluding gasoline.





Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketpulse.com/20150915/ny-fed-business-conditions-fail-to-impress/
http://www.marketwatch.com/story/retail-sales-strong-for-auto-dealers-weak-for-gas-stations-2015-09-15



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