The KUIK Morning Market Report for Tuesday, January 17:
Market are down.
Index
Direction
Change
Units
Time
Dow
Down
(41)
points
19,845
7:11 AM
S&P500
Down
-0.2%
percent
2,270
Nasdaq Composite
Down
-0.4%
percent
5,550
30 Year Treasury
Down
(6)
Basis Points
2.92
Annual Yield
The U.K. will not remain a member of the European Union’s single market, but will seek the best possible access to it as the country negotiates its Brexit, according to Prime Minister Theresa May. May said her government would pursue a free-trade agreement with the bloc, and dedicate its efforts to making Britain a great trading nation, by working to increase trade with growing export markets around the world. She wants a phased implementation of Brexit. The plan is to agree a Brexit deal by the end of two years and then put it to a vote in both Houses of Parliament,.
The New York Fed reports the Empire State’s general business conditions index fell to 6.5 in January from a revised 7.6 in December which was an eight month high. Economists expected 8. Readings above zero indicate improving conditions. New orders fell, shipments were steady, and employment stayed negative. Future general business conditions stayed at a multi-year high of 49.7.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
