| The KUIK Market Update for Tuesday, October 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 24 | points | 17,155 | 8:06 AM | ||
| S&P500 | Up | 0.2% | percent | 2,020 | 2.95 | ||
| Nasdaq Composite | Up | 0.3% | percent | 4,854 | 15.30 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.90 | Annual Yield | ||
| Small-business owners aren’t very optimistic about the next few months. A increasing number expect sales to decline and the highest share since 2007 say they cannot find qualified workers. The National Federation of Independent Business said its small business optimism index edged up 0.2 in September to 96.1, below the 42-year average of 98. “Small business optimism continues to be stagnant, which is consistent with the expected economic growth of about 2.5%,” NFIB chief economist William Dunkelberg said. He said businesses are put off by the flow of regulations coming out of Washington and uncertainty over whether the Federal Reserve will raise interest rates. | |||||||
| According to the General Administration of Customs, Chinese exports fell 3.7% in September from a year earlier in U.S. dollar terms following a 5.5% drop in August. Imports in September fell 20.4% from a year earlier, compared with a 13.8% decrease in August. Exports dropped less than economists expected. But its an indication that China’s third-quarter growth figures set for release next week will fall below Beijing’s target of 7% for the year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/small-businesses-still-not-very-optimistic-nfib-says-2015-10-13 | |||||||
| http://www.marketwatch.com/story/china-exports-imports-fall-in-september-2015-10-13 | |||||||
| For today’s Market Update Report click to listen-> | |||||||