The KUIK Market Update for Friday, September 12: |
Markets are down but up off their lows. |
Index |
Direction |
Change |
Units |
Time |
Change |
Dow |
Down |
(18) |
points |
17,031 |
8:10 AM |
S&P500 |
Down |
-0.2% |
percent |
1,993 |
(4.47) |
Nasdaq Composite |
Down |
-0.2% |
percent |
4,584 |
(7.67) |
30 Year Treasury |
Up |
8 |
Basis Points |
3.33 |
Annual Yield |
The preliminary September reading on the University of Michigan/Thomson Reuters consumer-sentiment index rose to 84.6 — the highest level since July 2013 — up from a final August reading of 82.5. Economists expected a September reading of 83.8. Consumer-sentiment averaged 86.9 over the year leading up to the 2008 recession. |
The Treasury Department announced expanded sanctions against Russian businesses in response to “continued Russian efforts to destabilize eastern Ukraine.” Russia’s largest bank, Sberbank, will no longer have access to long-term debt financing from the U.S. The U.S. is blocking the assets of five state-owned defense-technology firms and U.S. companies will blocked from cooperating with the five biggest firms in the Russian energy sector. |
Gold futures edged lower today on a retail-sales report that matched expectations, raising confidence in the U.S. economic outlook and dampening safe haven buying. December gold fell 0.2% to $1,236.20 an ounce on the New York Merc. |
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
http://www.marketwatch.com/story/september-consumer-sentiment-index-rises-to-846-report-2014-09-12 |
http://www.marketwatch.com/story/treasury-expands-sanctions-on-russia-over-ukraine-conflict-2014-09-12 |
http://www.marketwatch.com/story/gold-flat-eyes-weekly-loss-of-2-on-dollar-strength-2014-09-12?dist=markets |
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