| The KUIK Market Update for Wednesday, November 11: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (51) | points | 17,708 | 8:01 AM | ||
| S&P500 | Down | -0.3% | percent | 2,077 | (5.18) | ||
| Nasdaq Composite | Down | -0.2% | percent | 5,071 | (12.44) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.11 | Annual Yield | ||
| The Federal Govenrment, Post Office, banks, and the bond market are closed in honor of Veteran’s Day but the stock market and currency and commodity markets are open. | |||||||
| The American Petroleum Institute yesterday said U.S. stockpiles likely rose by 6.3 million barrels in the week ending November 6, much larger than the 1.1 million expansion estimated by a Wall Street Journal poll. The official figures will be released by the Energy Information Administration on Thursday. December crude is off almost 1% to $43.86 a barrel on the New York Merc. | |||||||
| Yesterday’s auction of $24 billion in 10-year Treasury notes saw strong foreign demand, which pushed Treasury prices higher and drove yields lower. The driver of this jump in demand is monetary policy divergence. The Federal Reserve is on track to tighten monetary conditions while the rest of the world continues to ease | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/which-markets-are-closed-on-veterans-day-2015-11-09?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/oil-prices-under-pressure-as-investors-brace-for-rising-stockpiles-2015-11-11 | |||||||
| http://www.marketwatch.com/story/foreign-investors-flock-to-us-treasurys-betting-on-policy-divergence-2015-11-11?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||