The KUIK Morning Market Report for Wednesday, February 10:
Markets are up.
Index Direction Change Units Time
Dow Up 66 points 16,080 7:07 AM
S&P500 Up 0.8% percent 1,867
Nasdaq Composite Up 1.4% percent 4,329
30 Year Treasury Unchanged – Basis Points 2.55 Annual Yield
Federal Reserve Chairman Janet Yellen in testimony for the House Financial Services Committee is cautious about the outlook for the economy but still expects additional, gradual, interest-rate hikes. But she said financial conditions “have become less supportive to growth” and there are “downside risks” from uncertainty about the health of the Chinese economy.
There are now more than 260,000 robots working in U.S. factories. Shipments of robots in North America set new records in 2015, according to the Robotic Industries Association. Over 31,000 robots, valued at a combined $1.8 billion, were ordered from North American companies last year, for a 14% increase in units and an 11% increase in value year-over-year. The biggest increase came from buyers in the automotive, semiconductor and electronics industrie. The most popular jobs were coating and dispensing, material handling, and spot welding.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/yellen-says-financial-conditions-less-supportive-to-growth-2016-02-10
http://www.marketwatch.com/story/there-are-now-260000-robots-working-in-us-factories-2016-02-10?link=MW_home_latest_news
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