| The KUIK Market Update for Wednesday, February 25: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (3) | points | 18,206 | 8:00 AM | ||
| S&P500 | Down | -0.08% | percent | 2,114 | (1.63) | ||
| Nasdaq Composite | Up | 0.04% | percent | 4,970 | 2.05 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.58 | Annual Yield | ||
| Oil prices are lower. The U.S. Energy Information Administration reported an increase in crude supplies that was more than double what analysts expected. Crude inventories rose by 8.4 million barrels for the week ended February 20. Analysts polled by Platts forecast an increase of only of 3.7 million barrels. Gasoline supplies fell by 3.1 million barrels. April crude is off 0.6% to $49.01 a barrel on the New York Merc. | |||||||
| The U.S. Supreme Court has reversed a decision, after a fisherman said the Enron-inspired Sarbanes-Oxley Act of 2002 was misapplied. The fisherman had been warned by a federal agent to segregate undersized fish, and then told a crew member to throw them overboard, and was charged under Sarbanes-Oxley with trying to impede a federal investigation. The Supreme Court said that the law conveys no suggestion that the section prohibits spoliation of any and all physical evidence, however remote from records. The ruling was 5-to-4, | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-continues-lower-as-eia-reports-84-mln-barrel-supply-rise-2015-02-25 | |||||||
| http://www.marketwatch.com/story/sarbanes-oxley-not-intended-for-fishing-case-supreme-court-rules-2015-02-25 | |||||||
| For today’s Market Update Report click to listen-> | |||||||