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The KUIK Closing Market Report for Wednesday, February 21: |
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Markets had a volatile day. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow |
Down |
(167) |
points |
24,798 |
2:49 PM |
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S&P500 |
Down |
-0.6% |
percent |
2,701 |
1.00 |
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Nasdaq Composite |
Down |
-0.2% |
percent |
7,218 |
9.00 |
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30 Year Treasury |
Up |
7 |
Basis Points |
3.22 |
Annual Yield |
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The rallied mor than 300 points after the release of Fed minutes at 11 am Pacific time. However gains gave way to losses with about an hour left in the trading day. The downturn was partly due to a climb in yields for the 10-year Treasury note to a session high, and a four-year peak, at 2.95%. The minutes from the Jan. 30-31 FOMC meeting showed that officials saw a strengthening economy. |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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For today’s Closing Market Report click to listen-> |
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