| The KUIK Morning Market Report for Wednesday, July 15: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (10) | points | 18,044 | 7:06 AM | ||
| S&P500 | Up | 0.0% | percent | 2,109 | 0.40 | ||
| Nasdaq Composite | Up | 0.3% | percent | 5,119 | 14.37 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.18 | Annual Yield | ||
| The Stoxx Europe 600 was up 0.3% to 399.43, with only consumer goods and industrial sectors slightly lower. Stocks began their advance as the European Commission proposed extending a €7 billion ($7.71 billion) bridge loan to Greece. If approved by the 28 members of the EU, Greece could meet its immediate funding needs, including a repayment of €3.5 billion due Monday to the European Central Bank. | |||||||
| Federal Reserve Chairman Janet Yellen today said that the Fed will probably raise interest rates “at some point this year” if the U.S. economy stays on its current growth path. Yellen told a House committee the Fed expects the economy to strengthen over the rest of 2015 and pointed to a pickup in consumer spending, particularly new cars and trucks, that indicates Americans are more confident and U.S. households are in better financial shape. Yet while the U.S. jobs market is “trending in the right direction,” Yellen said there’s “still some slack” that will warrant keeping rates low for an extended period. She also pointed to the latest Greek debt crisis and problems in China, saying they “pose some risk” to the U.S. economy. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slip-with-vote-on-greek-deal-ahead-2015-07-15 | |||||||
| http://www.marketwatch.com/story/yellen-reiterates-fed-on-track-to-raise-rates-before-year-end-2015-07-15 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||