| The KUIK Market Update for Friday, September 27: | |||||||
| Markets are down over worries about a government shutdown. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (82) | points | 15,245 | 8:03 AM | ||
| S&P500 | Down | -0.45% | percent | 1,691 | (7.70) | ||
| Nasdaq Composite | Down | -0.13% | percent | 3,783 | (4.88) | ||
| 30 Year Treasury | Up | 0 | Basis Points | 3.69 | Annual Yield | ||
| The Commerce Department reports consumer spending rose a seasonally adjusted 0.3% in August, marking the third-fastest increase of the year, and spending in July rose twice as fast as initially estimated coming in at 0.2% instead of 0.1%. The rise in spending was aided by the biggest increase in worker earnings in six months. Personal income rose 0.4% in August, and the savings rate rose to 4.6% from 4.5%. | |||||||
| Gold prices have moved higher on reports that Chicago Federal Reserve president Charles Evans said the central bank may not begin to scale back its monthly bond-buying program until 2014 because the U.S. economic environment still needs to improve. December gold is up 1.15% to $1,338.90 on the Comex division of the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-spending-bounces-back-in-august-2013-09-27 | |||||||
| http://www.marketwatch.com/story/gold-hovers-at-weekly-loss-debt-taper-at-play-2013-09-27 | |||||||
| For today’s Market Update Report click to listen-> | |||||||