| The KUIK Morning Market Report for Wednesday, September 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (15) | points | 16,999 | 7:07 AM | ||
| S&P500 | Down | -0.1% | percent | 1,986 | (2.55) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,550 | (2.22) | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.26 | Annual Yield | ||
| The Department of Labor reports average consumer spending fell in 2013, for its first drop in three years, as families cut expenditures on clothing, and entertainment, as well as charitable contributions. Last year, total average expenditures by families, singles and other “consumer units” hit $51,100, down 0.7% from 2012 as income edged down. Spending rose for housing and health care. | |||||||
| Hong Kong stocks fell with the Hang Seng Index down 1.9% on Wall Street’s drop and worries about Chinese economy on comments from by Chinese Premier Li Keqiang. He said that China’s M2, a broad measure of money supply, expanded 12.8% in August, the slowest pace in five months. He stressed Beijing’s commitment to shift away from printing money to stimulate growth. He disclosed the figure while speaking at the World Economic Forum in the northern Chinese city of Tianjin, ahead of realese of the official data scheduled for next week. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.bls.gov/news.release/pdf/cesan.pdf | |||||||
| http://www.marketwatch.com/story/hong-kong-stocks-fall-on-us-losses-china-growth-concerns-2014-09-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||