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The KUIK Market Update for Thursday, March 22: |
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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 |
(341) |
points |
24,342 |
8:14 AM |
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S&P500 |
Down |
-1.3% |
percent |
2,677 |
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Nasdaq Composite |
Down |
-1.4% |
percent |
7,244 |
(1.50) |
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30 Year Treasury |
Down |
(9) |
Basis Points |
3.04 |
Annual Yield |
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China’s commerce and foreign ministries separately registered Beijing’s displeasure ahead of the Trump administration’s announcement of tariffs and other measures later today.A Foreign Ministry spokeswoman criticized the White House’s rhetoric, particularly the labeling of Chinese trade practices as “economic aggression,” calling such remarks “irresponsible.” |
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Freddie Mac reports mortgage rates had a slight move upward. The 30-year fixed-rate mortgage averaged 4.45% this week, up from last week’s 4.44%. A year ago it was 4.23%. The 15-year fixed averaged 3.91% up from 3.90%. A year ago it was 3.44%. |
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The Conference Board said its leading economic index rose 0.6% in February, following a 0.8% gain in January and a 0.7% rise in December. Eight of the 10 indicators that make up the leading index advanced. The biggest help came from average weekly manufacturing hours. Building permits and stock prices were the only drags. In the past six months, the leading index has climbed 4%, faster than the 2.4% during the prior six months. |
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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/leading-indicators-post-fifth-straight-advance-2018-03-22 |
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For today’s Market Update Report click to listen-> |
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