| The KUIK Morning Market Report for Monday, September 22: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (30) | points | 17,250 | 7:01 AM | ||
| S&P500 | Down | -0.4% | percent | 2,003 | (7.14) | ||
| Nasdaq Composite | Down | -0.6% | percent | 4,554 | (25.76) | ||
| 30 Year Treasury | Down | (8) | Basis Points | 3.28 | Annual Yield | ||
| U.S. economic activity was below-trend in August, according to the Chicago Fed’s national activity index. It fell to negative 0.21 in August from positive 0.26 in July. The biggest drag came from production-related indicators, as manufacturing production and capacity utilization both fell. The index is a weighted average of 85 different economic indicators. Negative values indicate below-average growth and positives above-average. Forty-two indicators improved from July to August, while 43 indicators deteriorated. | |||||||
| Apple’s record first-weekend sales of the iPhone 6 and iPhone 6 Plus are leading the tech sector this morning. Apple said that it sold more than 10 million of its newest iPhones over the weekend, when they went on sale in retail outlets worldwide. Apple shares are up 72 cents to $101.68. | |||||||
| Companies would have to settle their tax billss before reorganizing and relocating to a foreign country, under anti-corporate inversion legislation written by Democratic Sens. Sherrod Brown of Ohio and Dick Durbin of Illinois. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/national-activity-index-turns-negative-in-august-chicago-fed-says-2014-09-22 | |||||||
| http://www.marketwatch.com/story/apple-gains-stand-out-following-initial-iphone-6-sales-2014-09-22?dist=markets | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/09/19/companies-would-have-to-settle-their-tab-before-leaving-u-s-under-democratic-inversion-bill/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||