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The KUIK Morning Market Report for Friday, March 23: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
73 |
points |
24,031 |
7:02 AM |
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S&P500 |
Up |
0.1% |
percent |
2,647 |
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Nasdaq Composite |
Down |
-0.1% |
percent |
7,159 |
(1.50) |
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30 Year Treasury |
Up |
1 |
Basis Points |
3.08 |
Annual Yield |
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The Commerce Department reports orders for durable-goods orders rose 3.1% in February, reversing a big drop at the start of the year and posting the largest gain since last summer. Economists expected only a 1.8% increase for products designed to last at least three years. Orders for passenger planes and autos both rose, but orders minus transportation climbed a solid 1.2%. Business investment,in the form of core orders, also rose 1.8% to end a two-month losing streak. The annual increase climbed to 8% from 6.2% in January and is near a six-year high. |
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China’s Commerce Ministry released a list of U.S. imports, including fruit, and recycled aluminum and steel pipes subject to higher tariffs. In a statement, the ministry said the penalties are being imposed in response to the Trump administration’s tariffs on Chinese steel and aluminum products, which it said violate global trade rules. Yesterday, President Trump announced additional penalties on up to $60 billion worth of Chinese imports i to penalize China for policies that force transfers of technology and other unfair trade practices. |
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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/china-plans-3-billion-in-retaliatory-tariffs-against-us-goods-2018-03-22 |
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For today’s Morning Market Report click to listen-> |
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