August 21, 2015

Closing Market Report 8/21/2015

The KUIK Closing Market Report for Friday, August 21:

It was a big downer day on Wall Street.

Index	Direction	Change	Units	Index	Time	Change
Dow	Down	(531)	points	16,460	2:03 PM
S&P500	Down	-3.2%	percent	1,971		(64.84)
Nasdaq Composite	Down	-3.5%	percent	4,706		(171.45)
30 Year Treasury	Unchanged	–	Basis Points	2.75	Annual Yield

Oil fell for an eighth straight weekly loss—the longest streak since 1986. Prices fell after Baker Hughes reported the number of active U.S.drilling rigs rose by 2 to 674 as of Aug. 21. Weaker-than-expected Chinese manufacturing data and the sharp drop in the stock market also spurred worries about the outlook for energy demand. October crude fell 2.1%, to $40.45 a barrel 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/oil-prices-under-pressure-in-asia-after-weak-chinese-manufacturing-data-2015-08-21

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