The KUIK Closing Market Report for Monday, November 20:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
72
points
23,430
1:52 PM
S&P500
Up
0.1%
percent
2,582
(0.49)
Nasdaq Composite
Up
0.1%
percent
6,791
30 Year Treasury
Unchanged
–
basis points
2.79
Annual Yield
The Conference Board reports the leading economic index surged 1.2% in October which suggests the US economy will be strong through the end of the year. That beat the 0.1% gain in September. The index s a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys. Current economic conditions rose 0.3%, The lagging moved up 0.2%. Almost all of the 10 components of the index rose, snapping back from a soft September. Layoffs declined, hiring increased, stocks rose, and the housing market rebounded.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
