| The KUIK Morning Market Report for Wednesday, June 19: | |||||||
| Markets are down a little. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (29) | points | 15,291 | 7:03 AM | ||
| S&P500 | Down | -0.13% | percent | 1,650 | (2.18) | points | |
| Nasdaq Composite | Up | 0.05% | percent | 3,480 | (1.74) | points | |
| 30 Year Treasury | Down | (2) | Basis Points | 3.33 | Annual Yield | ||
| U.S. stocks fell, snapping a two-day rally in the S&P 500 Index, as investors awaited the outcome of the two day Federal Reserve meeting for signs about when it plans to scale back its bond buying. The Fed is scheduled to release its monetary-policy decision at 11 a.m. Pacific time followed by a news conference at 11:30 a.m. from Fed Chairman Ben Bernanke. | |||||||
| Yesterday, the American Petroleum Institute said U.S. crude supplies dropped by 4.3 million barrels for the week ended June 14. Analysts had forecast a decline of only1 million barrels. Gasoline inventories increased by 900,000 barrels and analysts expected 1.2 million. | |||||||
| Under the heading Will it come to America? A British parliamentary commission calls for the creation of criminal sanctions for incompetent bankers, one of the conclusions of a broad review of the culture of U.K. banking that likely will influence how the industry is overseen in the coming years. The report by the Parliamentary Commission on Banking Standards called for tighter rules around pay, greater competition among British banks and more transparency on what activities executives are responsible for, a move that could make punishment easier. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-06-19/u-s-stock-futures-are-little-changed-adobe-shares-climb.html | |||||||
| http://www.marketwatch.com/story/oil-seesaws-ahead-of-inventory-fed-updates-2013-06-19 | |||||||
| http://www.marketwatch.com/story/uk-wants-jail-terms-for-reckless-bankers-2013-06-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||