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The KUIK Market Update for Friday, March 2: |
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Markets are down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(334) |
points |
24,275 |
8:17 AM |
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S&P500 |
Down |
-0.7% |
percent |
2,659 |
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Nasdaq Composite |
Down |
-0.5% |
percent |
7,145 |
3.00 |
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30 Year Treasury |
Up |
5 |
Basis Points |
3.14 |
Annual Yield |
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President Trump plans to put tariffs on steel and aluminum next week. The White House said they’re needed to ensure a domestic supply of materials vital to national defense, but also to protect American workers from unfairly subsidized cheap foreign stee. The top suppliers to the U.S. in 2017 were Canada, Brazil, South Korea, Mexico and Russia. China is only number 11 even though it produces about half of the world’s steel. |
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The University of Michigan’s consumer sentiment index for February was revised slightly to 99.7 from 99.9 but it was still the second-strongest reading in 14 years. It was up from 95.7 in January. Ecomists expected 100. Consumers had favorable assessments of jobs, wages, and higher after-tax pay. The highest proportion of households since 1998 reported that their finances had improved compared with a year ago. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/consumer-sentiment-in-february-was-second-highest-in-14-years-2018-03-02 |
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For today’s Market Update Report click to listen-> |
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