The KUIK Morning Market Report for Friday, September 22:
Markets are down.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(13)
points
22,346
7:07 AM
S&P500
Unchanged
0.0%
percent
2,501
0.08
Nasdaq Composite
Up
0.0%
percent
6,424
1.06
30 Year Treasury
Down
(3)
Basis Points
2.78
Annual Yield
Hurricane Maria could cause $30 billion or more in damages to Puerto Rico, according to Enki Research, a company that models disasters. That includes physical property losses and long-term losses like foregone business revenue as tourism suffers. President Donald Trump plans to visit the island and Congress plans on more disaster aid.
The Conference Board reports its leading economic index jumped 0.4% in August to cap off a summer of high readings and points to faster growth in the months ahead. The index tracks a number of measures to assess the economy, including employment, layoffs, housing, manufacturing, stock prices, and interest rates.The latest report does not reflect the devastation caused by hurricanes Irma and Harvey, but the damage they cause the economy is likely to fade after several months.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
