The KUIK Closing Market Report for Thursday, August 24:
Markets were down
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(29)
points
21,783
2:31 PM
S&P500
Down
-0.2%
percent
2,439
(5.07)
Nasdaq Composite
Down
-0.1%
percent
6,271
(7.08)
30 Year Treasury
Up
2
basis points
2.77
Annual Yield
Oil prices ended lower today on pressure from the risk of weaker energy demand in the wake of potential Category 3 Hurricane Harvey in the Gulf of Mexico outweighed the typical price boost associated with the prospect of production disruptions in the region. Investors are cautious as to whether the oil glut oil is finally disappearing, as U.S. production has climbed to more than two-year highs. October crude fell 1.6% to $47.62 a barrel on the New York Merc.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
