| The KUIK Market Update for Friday, August 15: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (73) | points | 16,640 | 7:58 AM | ||
| S&P500 | Down | -0.4% | percent | 1,948 | (7.35) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,449 | (4.35) | ||
| 30 Year Treasury | Down | (5) | Basis Points | 3.15 | Annual Yield | ||
| The Federal Reserve Bank of New York reports the Empire State manufacturing survey fell to 14.7 in August after hitting a four-year high of 25.6 in July. Economists expected a 20.0. Readings above zero indicate improving conditions. New orders index fell while shipments increased slightly. Both the indexes for prices paid and prices received rose . The index for future conditions climbed 18 points to 46.8, the highest level in two-and-a-half years. | |||||||
| The Federal Reserve reports US industrial production rose 0.4% in July, marking the sixth month of gains. That was better than the expected 0.3% economist forecast and due to a 10.1% jump in auto production. Excluding motor vehicles and parts, industrial production rose 0.2%. Utilities output fell 3.4% because of less air conditioning. Capacity utilization rose a tenth to 79.2%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/august-empire-state-index-retreats-from-4-yr-high-2014-08-15 | |||||||
| http://www.marketwatch.com/story/a-101-surge-in-auto-output-lifts-industrial-production-in-july-2014-08-15 | |||||||
| For today’s Market Update Report click to listen-> | |||||||