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The KUIK Market Update for Monday, March 26: |
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Markets are up |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
359 |
points |
23,892 |
7:45 AM |
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S&P500 |
Up |
1.3% |
percent |
2,623 |
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Nasdaq Composite |
Up |
1.4% |
percent |
7,091 |
(1.50) |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.06 |
Annual Yield |
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Marketwatch reports today’s stock market rally comes on reports the U.S. and China have been holding discussions, in a bid to help stave off a trade war. Those talks, led by U.S. Treasury Secretary Steven Mnuchin and Liu He, China’s vice premier for economic policy, are aimed at providing better access to Chinese markets for U.S. companies. |
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The Chicago Fed’s index of national economic activity reached a positive 0.88 in February after a downwardly revised positive 0.02 in January. That was near October’s revised positive 0.90, which was the highest reading since plus 0.94 in December 2006. The index is a weighted average of 85 economic indicators, designed so that zero represents trend growth and a three-month average below negative 0.70 means a recession may haves begun. Sixty-three of the 85indicators made positive contributions , while 22 made negative. |
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Facebook shares are down -4.2%. The company continues damage control after the Cambridge Analytica data-privacy scandal. It took out full-page ads in nine U.S. and U.K. newspapers. Facebook shares are down 20% from their highs hit in January |
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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/fedex-reserves-20-tesla-semi-trucks-2018-03-26 |
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For today’s Market Update Report click to listen-> |
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