The KUIK Closing Market Report for Wednesday, January 17:
Markets had a big up day.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
323
points
26,116
2:03 PM
S&P500
Up
0.9%
percent
2,803
Nasdaq Composite
Up
1.0%
percent
7,298
30 Year Treasury
Up
1
Basis Points
2.85
Annual Yield
The Federal Reserve said the pace of growth continues to be “modest to moderate” in the latest Beige Book which is a snapshot of the economy. The report covers late November to January 8. Most districts reported “on-going labor market tightness and challenges finding qualified workers across skills and sectors.” The shortage of workers is holding back growth in some districts. Wages and prices both increased at modest paces.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
