| The KUIK Market Update for Wednesday, March 18: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (59) | points | 17,788 | 8:05 AM | ||
| S&P500 | Down | -0.2% | percent | 2,069 | (4.82) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,931 | (6.19) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.59 | Annual Yield | ||
| The Federal Open Market Committee wraps up its two-day meeting today with the release of its policy statement at 11 am Pacific time followed by a press conference from Fed Chairman Janet Yellen at 11:30. While markets will be keying on a single word —whether the U.S. central bank drops its pledge to be “patient” in raising short-term interest rates — the Fed will also comment on the strength of the economy and outlook for inflation. | |||||||
| German Finance Minister Wolfgang Schäuble said today that Greece has a chance to strike an accord with the institutions monitoring the international bailout, but warned that time is running out for the cash-strapped country. Earlier, European officials said the institutions overseeing Greece’s bailout have warned other eurozone countries that technical talks with Greece over the country’s bailout aren’t going well. | |||||||
| Oil prices fell after the Energy Information Administration reported a 10th straight weekly increase in crude supplies more than double what analysts expected. Crude inventories climbed by 9.6 million barrels for the week ended March 13. Analysts expected an increase of only of 3.7 million barrels. Gasoline supplies fell 4.5 million barrels. April crude is off 2.2% to $42.30 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/heres-what-to-watch-from-the-fed-this-week-2015-03-16 | |||||||
| http://www.marketwatch.com/story/time-is-running-out-for-greece-germanys-schauble-says-2015-03-18 | |||||||
| http://www.marketwatch.com/story/oil-falls-further-as-eia-reports-96-mln-barrel-supply-rise-2015-03-18 | |||||||
| For today’s Market Update Report click to listen-> | |||||||