The KUIK Morning Market Report for Friday, October 16: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
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Time |
Change |
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Dow |
Up |
28 |
points |
17,170 |
7:04 AM |
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S&P500 |
Up |
0.3% |
percent |
2,029 |
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5.36 |
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Nasdaq Composite |
Up |
0.1% |
percent |
4,877 |
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6.99 |
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30 Year Treasury |
Down |
(1) |
Basis Points |
2.86 |
Annual Yield |
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Industrial production fell 0.2% in September according to the Federal Reserve. That matched expectations. August was revised higher to a 0.1% drop from 0.4% decline. Consumer goods was the only major group to post a gain. Capacity utilization fell to 77.5% from a revised 77.8% in August. |
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Nevada has temporarily banned fantasy sports sites including FanDuel and DraftKings, making it the first state to limit their activities since insider betting was discovered. Federal and state investigaters are examining the sites, that accept bets on the results of sports games. Some employees at the sites are accusd of insider trading, playing and winning hundreds of thousands of dollars at rival sites. Nevada joins Arizona, Iowa, Louisiana, Montana and Washington–states that do not permit fantasy sports sites. |
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The University of Michigan consumer sentiment report was just released. Sentiment rose to 92.1. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/us-industrial-production-down-02-in-september-matching-expectations-2015-10-16 |
http://www.marketwatch.com/story/nevada-bans-fantasy-sports-sites-including-fanduel-draftkings-2015-10-16 |
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For today’s Morning Market Report click to listen-> |
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