Closing Market Report 3/9/2018

The KUIK Closing Market Report for Friday, March 9:

Markets had a big up day.

Index

Direction

Change

Units

Index

Time

Change

Dow

Up

                   441

 points

        25,336

1:26 PM

S&P500

Up

1.7%

percent

          2,787

       1.00

Nasdaq Composite

Up

1.8%

percent

          7,561

       9.00

30 Year Treasury

Up

                      3

Basis Points

           3.16

Annual Yield

The market volatility seen over the past month is a "healthy realization" by investors that the risks are two-sided, said Boston Fed President Eric Rosengren on Friday. "Unsustainably strong growth that leads to excessive inflation or financial imbalances is not as much a risk as growth that falls short," Rosengren said in a speech to the Chamber of Commerce in Springfield, MA. The Boston Fed president was upbeat about the outlook, saying the recent weak consumer spending was likely a temporary pause. Rosengren said he favors a pace of rate hikes "perhaps a bit faster" that the three, one-quarter point increases, that the Fed has forecast for this year.

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/feds-rosengren-says-markets-waking-up-to-risk-growth-could-be-unsustainably-strong-2018-03-09

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