The KUIK Morning Market Report for Wednesday, January 10:
Markets are down.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(96)
points
25,291
7:09 AM
S&P500
Down
-0.4%
percent
2,741
(0.02)
Nasdaq Composite
Down
-0.6%
percent
7,121
(8.63)
30 Year Treasury
Up
5
Basis Points
2.94
Annual Yield
The Commerce Department reports import prices for December rose 0.1%. Taking out the cost of energy, prices fell 0.1%. They were up 3% for all of 2017, which was the biggest gain in six years. It followed a 1.9% gain for 2016. Export prices fell 0.1%. They rose 2.6% for all of 2017.
Investors are watching the U.S. bond market as the yield on the 10-year benchmark note rose 4 basis point to 2.59% on report from Bloomberg that China is considering halting or cutting its purchases of U.S. government debt. Yields jumped 6.2 basis points to 2.542% on Tuesday, its highest level since March, after the Bank of Japan cut its bond purchases. That could mean the Japanese central bank is getting ready to end years of ultraloose monetary policy.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
