The KUIK Closing Market Report for Tuesday, November 8:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
73
points
18,333
2:40 PM
S&P500
Up
0.4%
percent
2,140
8.04
Nasdaq Composite
Up
0.5%
percent
5,193
27.32
30 Year Treasury
Up
3
Basis Points
2.63
Annual Yield
Chicago Federal Reserve President Charles Evans said today he is concerned that the central bank may not be able to reach its 2% inflation goal. The Core Personal Consumption Expenditures index has risen to 1.7% annually. In a speech at the Council on Foreign Relations in New York Evan said the Fed is within “hailing distance” of its target, and that wage growth has been modest and could improve without being inflationary.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
