| The KUIK Market Update for Friday, August 22: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (16) | points | 17,024 | 7:48 AM | ||
| S&P500 | Down | -0.1% | percent | 1,990 | (2.55) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,537 | 5.00 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.18 | Annual Yield | ||
| European stock markets moved broadly lower today after a Russian aid convoy drove into Ukraine, increasing tensions in the region. A senior Ukraine official said the 34 Russian trucks carrying humanitarian aid passed the border without permission. The Stoxx Europe 600 index SXXP, fell 0.3% to 336.49, but still up 2.1% for the week. | |||||||
| Protesters have come to the Federal Reserve’s Jackson Hole retreat this year to urge the central bank to hold off and give the economy more time to heal. This is the first time there ever has been protesters at the event. In a letter to Fed Chairman Janet Yellen, The Center for Popular Democracy, a coalition of 70 organizations said “We strongly urge the Federal Reserve to reject the calls to raise interest rates and slow the economy down.” | |||||||
| More U.S. residents will travel during this year’s Labor Day holiday, the most since 2008 according to AAA. AAA projects that 34.7 million U.S. residents will travel 50 miles or more from home during the Labor Day weekend, a 1.3% increase over 2013. Nearly 90%, or 30 million, of the travelers will make the journey by car. the rest will travel by air, a 1% increase over last year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/feds-plosser-fed-should-signal-potentially-earlier-rate-hikes-2014-08-22-8911249 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/08/21/a-first-for-jackson-hole-protestors-are-here-and-they-dont-want-rate-hikes/ | |||||||
| http://blogs.marketwatch.com/energy-ticker/2014/08/21/labor-day-forecast-most-travelers-since-2008/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||