The KUIK Morning Market Report for Friday, June 23:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(24)
points
21,376
7:20 AM
S&P500
Down
0.0%
percent
2,434
(0.08)
Nasdaq Composite
Down
-0.1%
percent
6,233
(3.44)
30 Year Treasury
Up
1
Basis Points
2.73
Annual Yield
The "flash" reading of the IHS Markit manufacturing purchasing managers index fell to a nine-month low in June, falling to 52.1 from May’s 52.7. Readings over 50 indicate improving conditions. The flash services PMI slowed to a 3-month low of 53 from 53.6 in May.Flash readings are based on 85% to 90% of responses.
The Senate unveiled its plan to repeal and replace ObamaCare yesterday. Major provisions include: Allow states to waive requirements that insurers offer Essential Health Benefits. Require insurers to let parents maintain coverage for their children until age 26. Retain Cost Sharing Reduction payments to insurers. Cut funding to Planned Parenthood. Phase out the Medicaid expansion over three years. Keep ObamaCare tax credits for patients to buy insurance that target seniors and low-income people for two years.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
