| The KUIK Morning Market Report for Wednesday, August 21: | |||||||
| Markets are mixed, with all eyes on the Fed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (31) | points | 14,969 | 7:10 AM | ||
| S&P500 | Down | -0.19% | percent | 1,649 | (3.22) | ||
| Nasdaq Composite | Up | 0.03% | percent | 3,615 | 1.06 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 3.89 | Annual Yield | ||
| The Fed releases its minutes of the July 31st Federal Open Market Committee at 11:00 am Pacific time. The market will be looking for signs that the Fed will be cutting back on its $85 billion-per-month bond-buying program humorously called the Septaper as well as its future rate guidance. | |||||||
| The Philadelphia Semiconductor Index dropped 0.4%, as shares of Analog Devices fell more than 2% after reporting a weaker-than-expected outlook. Shares of Intel also fell 0.4%, while Texas Instruments was down 1.3% | |||||||
| October crude oil was last down 47 cents, or 0.5%, to $104.64 a barrel . October crude fell 1.6%, and September crude lost 2% in yesterday’s trading on the New York Merce, with action volatile due to September’s contract expiring. | |||||||
| Comex December gold lost 0.6%, to $1,363.70 an ounce, wiping yesterday’s $6.90 advance on the New York Merc. The drop came as the dollar moved slightly higher. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2013/08/20/spotlight-on-the-economy-housing-data-and-the-all-important-fed-minutes-on-the-docket/ | |||||||
| http://www.marketwatch.com/story/apple-microsoft-rise-chip-stocks-slip-2013-08-21 | |||||||
| http://www.marketwatch.com/story/oil-halts-decline-as-market-awaits-fed-minutes-2013-08-20 | |||||||
| http://www.marketwatch.com/story/gold-prices-slip-with-focus-on-fed-minutes-2013-08-21 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||