The KUIK Closing Market Report for Monday, July 31:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
61
points
21,891
2:13 PM
S&P500
Down
-0.1%
percent
2,470
(1.80)
Nasdaq Composite
Down
-0.4%
percent
6,348
(26.55)
30 Year Treasury
Up
1
basis points
2.90
Annual Yield
The Federal Reserve’s senior loan officer survey released today found that a quarter of respondents reported weaker demand for business loans from large- and middle-market firms from April through June even though banks left business lending standards unchanged. About 20% of the banks reported weaker demand from small firms. They reported several reasons for the drop in demand, including a drop in investment in plant and equipment. The survey covers 76 domestic and 22 foreign banks operating in the U.S.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
