4242 Outlook

June 9 Outlook

Jun 9, 2017  | Ep4242

Hello, I’m Mike Pearson.

As the stock market rides high over higher profits, climate deals and federal trade policy changes, those making purchases that would rev up the country’s economic engine have let off the throttle.--

Figures from the Commerce Department revealed a 0.2 percent drop in April of factory orders for heavy machinery and aircraft – the first decline in nearly half a year.

The Purdue/CME Ag Economy Barometer held steady at 130 as farmers remained cautiously optimistic about the future. However, low commodity prices continue to weigh heavily on producers.

And Wall Street struck another new record as the Dow rolled over 21,250 in the final session.— (markettomarket@iptv.org)

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