| The KUIK Market Update for Tuesday, September 15: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 145 | points | 16,516 | 7:50 AM | ||
| S&P500 | Up | 0.8% | percent | 1,969 | 15.81 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,845 | 39.71 | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.00 | 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. | |||||||
| Industrial production fell a seasonally adjusted 0.4% in August, according to the Federal Reserve, in line with expectations. July’s output was revised up slightly to 0.9% from a 0.6% gain. Manufacturing output was down 0.5% in August after a 0.9% gain in July. Output of autos and parts fell 6.4%, the biggest drop since April 2011. Excluding autos, manufacturing was flat. Mining output fell while utility output rose. Capacity utilization fell slightly. | |||||||
| 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/us-industrial-production-falls-04-in-august-matching-expectations-2015-09-15 | |||||||
| For today’s Market Update Report click to listen-> | |||||||