The KUIK Closing Market Report for Wednesday, November 29:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
104
points
23,941
2:03 PM
S&P500
Down
0.0%
percent
2,626
(1.00)
Nasdaq Composite
Down
-1.3%
percent
6,824
(10.64)
30 Year Treasury
Up
5
basis points
2.82
Annual Yield
The Federal Reserve detected “a slight improvement in the outlook” in its 12 districts, collected in its snapshot of the economy known as the Beige Book. The report covers Oct. 6 to Nov. 17. Growth in the U.S. is at “a modest to moderate pace,” where it has been for most of the past year. But Inflation pressures “have strengthened” over the past month, with some growth in transportation and manufacturing costs. In many cases, increases were passed through to consumers.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
