| The KUIK Market Update for Friday, August 16: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 19 | points | 15,131 | 7:50 AM | ||
| S&P500 | Up | 0.11% | percent | 1,663 | 1.76 | ||
| Nasdaq Composite | Up | 0.35% | percent | 3,619 | 12.65 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.83 | Annual Yield | ||
| The preliminary August reading of the University of Michigan/Thomson Reuters consumer sentiment fell to a reading of 80.0 in August, down from 85.1 in July. Economists polled by MarketWatch expected it to stay flat at 85.1. | |||||||
| The Commerce Department says construction on new homes rose 5.9% in July to a seasonally adjusted annual rate of 896,000, as apartment starts rebounded after dropping in June. In July, Starts for apartments rose 25.5%, while single-family homes declined 2.2%. Overall starts in July were up 20.9% from the same period in 2012, pointing to ongoing recovery. | |||||||
| Applied Materials was upgraded to a buy D.A. Davidson this morning following the company’s quarterly results released yesterday afternoon. In a note to clients, analyst Thomas Diffely called the maker of semiconductor manufacturing tools “a clear beneficiary of rising capital intensity levels” for next year. It’s “strong exposure to Foundry and increasing momentum in Memory should help drive solid revenue growth, “ This is not a solicitation to buy securities. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/second-quarter-productivity-picks-up-to-09-rate-2013-08-16 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-slips-in-august-2013-08-16 | |||||||
| http://www.marketwatch.com/story/applied-materials-upgraded-following-results-2013-08-16?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||