The KUIK Morning Market Report for Monday, September 18:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
66
points
22,335
7:03 AM
S&P500
Up
0.3%
percent
2,507
6.96
Nasdaq Composite
Up
0.4%
percent
6,472
23.99
30 Year Treasury
Up
2
Basis Points
2.79
Annual Yield
The Stoxx Europe 600 index rose 0.4% to 382. All sectors were higher, led by the telecommunications and industrials. On Friday, it fell 0.3%, but finished last week up by 1.4%. The gains followed advances in Asian markets, where South Koreaās Kospi Index jumped 1.4%. U.S. Secretary of State Rex Tillerson yesterday on "Face the Nation" said the U.S. is seeking āa peaceful solutionā to the conflict with North Korea as a military option is the only one left if diplomatic efforts fail.
The Federal Reserve is set to take a leap into the unknown this week by beginning to sell some of the $3.7 trillion of bonds and mortgage securities it amassed during the financial crisis. The Fed will meet on Tuesday and Wednesday and is widely expected at the end of the meeting to announce its plans to start selling down its massive balance sheet beginning sometime in October. Fed Chairman Janet Yellen will hold a press conference afterwards to explain the decision.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
