Market Update Report 11/3/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, November 3:
Markets are mixed.
Index	Direction	Change	Units	Time	Change
Dow	Down	(22)	points	17,369	8:16 AM
S&P500	Up	0.0%	percent	2,019	0.86
Nasdaq Composite	Up	0.4%	percent	4,648	16.88
30 Year Treasury	Up	4	Basis Points	3.10	Annual Yield
Republicans come to the last day of the 2014 election with an edge but Democrats are close enough to limit losses, according to the latest Wall Street Journal/NBC News poll. Voters prefer Republicans by 46% versus Democrats by 45%. And that 1-point gap also separates the two parties among voters in the 10 states with the most competitive Senate races. Republicans already hold the House, and need to win a net six seats to take the Senate.
The Institute for Supply Management reports its manufacturing index jumped to 59% in October, up from 56.6% in September. Readings over 50% indicate more companies are expanding instead of contracting. Economists expected the index to be unchanged. Production hit the highest level since May 2004. New orders also were strongly but exports fell to the lowest level in more than a year.
Bloomberg reports Ford, Fiat Chrysler, and Nissan all reported U.S. sales that exceeded analysts’ estimates as buyers saw falling gasoline prices and flocked to sport-utility vehicles. Toyota deliveries rose 6.9 percent, topping estimates for a 6.4 percent gain. Fiat Chrysler, led by the Jeep brand’s 52 percent gain, said vehicle sales climbed 22 percent for a 55th straight monthly increase.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/republicans-keep-edge-days-before-election-2014-11-02
http://www.marketwatch.com/story/manufacturers-boost-production-to-highest-level-in-10-years-2014-11-03
http://www.bloomberg.com/news/2014-11-03/nissan-boosts-october-u-s-deliveries-on-rogue-suv-versa.html
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