| The KUIK Market Update for Wednesday, March 11: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 24 | points | 17,688 | 8:05 AM | ||
| S&P500 | Down | 0.0% | percent | 2,044 | (0.52) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,856 | (3.56) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.70 | Annual Yield | ||
| The Federal Reserve is already a “little bit too late” in the tightening process, with current economic conditions no longer justifying leaving rates at zero, said St. Louis Fed President James Bullard in an interview with the Financial Times. Inflation is not that far below the Fed’s 2% annual rate target excluding oil prices, dismissing concerns about the soaring dollar. | |||||||
| The quarterly Duke University/CFO Magazine Global Business Outlook Survey out today, polled nearly 1,000 executives from around the world. Two out of three big U.S. exporters–those with at least one-fourth of their total sales overseas–said the appreciation of the dollar has had a negative impact and nearly one-fourth of those companies said they have reduced their capital spending plans as a result. . | |||||||
| The Energy Information Administration eportsa rise in crude supplies more than analysts expected. Crude inventories climbed by 4.5 million barrels for the week ended March 6. Analysts polled by Platts expected 4.2 million barrels. Gasoline supplies were down 200,000 barrels. April crude is off 0.7%, to $47.96 a barrel on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-is-already-little-bit-too-late-bullard-2015-03-11 | |||||||
| http://www.marketwatch.com/story/two-out-of-three-big-exporters-say-dollar-hurting-business-2015-03-11 | |||||||
| http://www.marketwatch.com/story/oil-below-48-as-eia-reports-45-mln-barrel-supply-rise-2015-03-11 | |||||||
| For today’s Market Update Report click to listen-> | |||||||