| The KUIK Morning Market Report for Monday, September 28: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (149) | points | 16,163 | 6:59 AM | ||
| S&P500 | Down | -1.1% | percent | 1,911 | (20.78) | ||
| Nasdaq Composite | Down | -1.3% | percent | 4,624 | (62.80) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.93 | Annual Yield | ||
| The Commerce Department reports consumers increased spending by 0.4% in August, on car buying and back-to-school purchases. and personal incomes rose by 0.3%. Economists expected a seasonally adjusted 0.3% increase in spending and a 0.4% gain in income. Consumer outlays have risen a modest 3.5% in the past year. Inflation as gauged by the Personal Consumption Expenditures index was unchanged. The PCE index has risen only 0.3% in the past 12 months,below the Federal Reserve’s 2% target. | |||||||
| The Stoxx Europe 600 index fell 0.4% to 347.97, after closing lower for a second straight week on Friday. It trimmed its weekly loss after Federal Reserve Chairman Janet Yellen eased concerns about lackluster global growth and said interest rates could rise this year. | |||||||
| China’s industrial profits fell 8.8% in August from a year ago, extending July’s 2.9% fall as the slowing economy hit profitability. Industrial profits for January to August fell 1.9%, compared with the same period last year, according to data released by the National Bureau of Statistics. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-remains-healthy-inflation-mostly-dormant-2015-09-28 | |||||||
| http://www.marketwatch.com/story/european-stocks-wrapped-in-red-as-china-growth-fears-linger-2015-09-28 | |||||||
| http://www.marketwatch.com/story/china-august-industrial-profits-fall-88-on-year-2015-09-28 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||