The KUIK Closing Market Report for Wednesday, February 24:
Markets ended down.
Index Direction Change Units Index Time Change
Dow Up 53 points 16,485 1:03 PM
S&P500 Up 0.4% percent 1,930 8.53
Nasdaq Composite Up 0.9% percent 4,543 39.02
30 Year Treasury Unchanged – Basis Points 2.60 Annual Yield
The International Monetary Fund said recent market turmoil and sluggish output in rich countries may force it to cut its forecast even further, just a month after downgrading its estimate for global growth for 2016 to 3.4%. It said “Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further weakening of the outlook.”
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/imf-says-it-may-further-cut-global-growth-forecast-2016-02-24
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