|
The KUIK Morning Market Report for Thursday, March 22: |
|||||||
|
|
|||||||
|
Markets are down. |
|||||||
|
|
|||||||
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
|
Dow Jones Industrial Average |
Down |
(226) |
points |
24,457 |
7:23 AM |
||
|
S&P500 |
Down |
-0.8% |
percent |
2,690 |
|||
|
Nasdaq Composite |
Down |
-0.7% |
percent |
7,293 |
(1.50) |
||
|
30 Year Treasury |
Down |
(8) |
Basis Points |
3.05 |
Annual Yield |
||
|
|
|||||||
|
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. “China absolutely won’t sit back and allow its legitimate rights and interests to be harmed and will take all necessary measures to protect” them, a Commerce Ministry statement said. A Foreign Ministry spokeswoman criticized the White House’s rhetoric, particularly the labeling of Chinese trade practices as “economic aggression,” calling such remarks “irresponsible.” |
|||||||
|
Federal Reserve Chairman Jerome Powell on Wednesday said some asset prices are elevated but said there weren’t many risks from it to the financial system. He said “some” stock prices and pockets of commercial real estate are high but, financial vulnerabilities are still not at extreme levels, But he didn’t say where in the stock market he saw elevated prices. |
|||||||
|
|
|||||||
|
Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
|||||||
|
www.marketwatch.com/story/china-talks-tough-on-trade-vows-action-against-us-tariffs-2018-03-22 |
|||||||
|
For today’s Morning Market Report click to listen-> |
|
||||||