The KUIK Morning Market Report for Friday, August 18:
Markets are down slightly.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(13)
points
21,738
7:05 AM
S&P500
Down
-0.2%
percent
2,426
(4.50)
Nasdaq Composite
Down
-0.3%
percent
6,206
(15.71)
30 Year Treasury
Down
(2)
Basis Points
2.76
Annual Yield
A broad measure of how well the U.S. economy is performing climbed again in July and signaled potentially faster growth in the final six months of 2017.The leading economic index rose 0.3% last month after a 0.6% increase in June, the Conference Board said Thursday. The data suggests “the U.S. economy may experience further improvements in economic activity in the second half of the year,ā said the director of business cycles and growth research at the board.
U.S. stock benchmarks finished down Thursday as heightened concerns about President Trumpās legislative agenda and news of a terrorist attack in Barcelona combined to foster selling on Wall Street. Tech shares suffered the worst of the beating. The Dow Jones Industrial Average dropped 1.2%, with all 30 components finishing in negative territory. Cisco Systems (CSCO), fell 4% after the networking-equipment company reported earnings that missed forecasts and lowered its guidance for next quarter.
Fed Reserve notes released this week suggested the central bank ācould afford to be patientā in deciding when to raise interest rates again because of persistently low inflation.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
