| The KUIK Market Update for Thursday, August 15: | |||||||
| Markets are having a big down day. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (205) | points | 15,132 | 7:43 AM | ||
| S&P500 | Down | -1.33% | percent | 1,663 | (22.35) | ||
| Nasdaq Composite | Down | -1.55% | percent | 3,612 | 2.00 | ||
| 30 Year Treasury | Up | 6 | Basis Points | 3.81 | Annual Yield | ||
| The Federal Reserve said industrial production was unchanged on a seasonally adjusted basis after a downwardly revised 0.2% increase in June. Economists polled by MarketWatch expected 0.2% growth in July. Output in the automotive sector fell. Motor-vehicle and part production slumped 1.7%. Petroleum and coal products were strong, rising 2%. | |||||||
| Manufacturing activity in the Philadelphia region fell in August after hitting its highest level in over two years in July, according to the Philadelphia Federal Reserve. The bank’s business condition index fell to 9.3 in August from 19.8 in July. The size of the drop was larger than expected. Economists polled by MarketWatch expected 15.0. | |||||||
| The average rate for the 30-year fixed-rate mortgage remained at 4.40% in the week that ended Aug. 15, Freddie Mac said Thursday in its weekly report. The 15-year fixed-rate-mortgage average ticked up to 3.44% in the latest week from 3.43% in the prior week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/industrial-production-unexpectedly-flat-in-july-2013-08-15 | |||||||
| http://www.marketwatch.com/story/philly-fed-index-falls-back-to-93-in-august-2013-08-15 | |||||||
| http://www.marketwatch.com/story/30-year-mortgage-rate-remains-at-440-2013-08-15-109108 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||