The KUIK Closing Market Report for Thursday, July 20:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(29)
points
21,612
1:11 PM
S&P500
Down
0.0%
percent
2,473
(0.38)
Nasdaq Composite
Up
0.1%
percent
6,390
4.96
30 Year Treasury
Down
(1)
basis points
2.84
Annual Yield
Theexpiring August contract for West Texas Intermediate crude fell -0.7% to finish at $46.79 a barrel on the New York Merc. OPEC oil ministers will have their monthly meeting to monitor producer compliance with output quotas Monday in St. Petersburg, Russia. It will include some non-OPEC producers including Russia, Libya, and Nigeria. Accelerating output from those three and especially the US is a major threat to OPEC’s efforts to tackle a year old global glut of oil.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
