| The KUIK Market Update for Wednesday, September 3: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 58 | points | 17,126 | 8:10 AM | ||
| S&P500 | Up | 0.2% | percent | 2,006 | 3.27 | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,589 | (9.21) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.19 | Annual Yield | ||
| Orders for goods produced in U.S. factories were up 10.5% in July, due to a surge in contracts for commercial aircraft, according to the Commerce Department . Economists had expected orders to climb nearly 11%. Factory orders were also up by a revised 1.5% in June instead of 1.1% as initially reported. But excluding transportaion, factory orders fell 0.8% in July. Orders for durable goods which are products meant to last at least three years, surged 22.6% in July but nondurables fell by 0.9%. | |||||||
| Samsung is teaming with Oculus to bring virtual reality to its devices for the first time. The device will be called Samsung Gear. It looks like a pair of closed off ski googles, and will be exclusively compatible with Samsung’ new 5.7-inch Galaxy Note 4. Samsung unveiled it Wednesday at its Samsung Unpacked event in Berlin, a week ahead of Apple’s hotly-anticipated Sept. 9 iPhone event in Cupertino, California. Facebook bought Oculus for $2 billion last March. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-factory-orders-jump-105-in-july-on-aircraft-contracts-2014-09-03?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/apple-shares-fall-after-samsung-note-event-2014-09-03?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||