| The KUIK Morning Market Report for Monday, September 23: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (14) | points | 15,435 | 7:03 AM | ||
| S&P500 | Down | -0.33% | percent | 1,704 | (5.67) | ||
| Nasdaq Composite | Down | -0.13% | percent | 3,770 | (4.72) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.75 | Annual Yield | ||
| The preliminary reading of Markit’s U.S. flash manufacturing purchasing managers index slipped to 52.8 in September from 53.1 in August dropping for the second month in a row. Although Markit said the index is “consistent with a modest improvement in manufacturing business conditions,” the rise in new orders was the slowest since April and the employment gauge is at a three-month low. | |||||||
| The U.S. economy is losing some of its economic dynamism and it will take creative leadership to recapture this “mojo,” said Dennis Lockhart, the president of the Atlanta Federal Reserve. In a speech today to the Louise Blouin Foundation in New York, Lockhart said data shows the employment dynamics of the U.S. economy are slower, with fewer firms expanding employment and fewer people quitting work to find new opportunities. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-markit-flash-pmi-declines-in-september-2013-09-23 | |||||||
| http://www.marketwatch.com/story/feds-lockhart-says-us-losing-some-economic-moj-2013-09-23 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||