| The KUIK Market Update for Wednesday, June 17: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 47 | points | 17,950 | 7:06 AM | ||
| S&P500 | Up | 0.22% | percent | 2,101 | 4.70 | ||
| Nasdaq Composite | Up | 0.33% | percent | 5,072 | 16.64 | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.09 | Annual Yield | ||
| Greek Prime Minister Alexis Tsipras on Wednesday reiterated that his government won’t agree to unacceptable creditor demands, saying he’s ready to take responsibility for rejecting a reform deal, according to media reports. Concerns over a “Grexit”, Greece leaving the eurozone, have risen in recent days as the two sides appear to be moving no closer to an agreement. Time is running out on Greece to reach a reform deal with lenders in order to unlock the next portion of bailout funds. If no deal is reached, the debt-laden country is at risk of missing a 1.6 billion euro payment to the International Monetary Fund at the end of the month. | |||||||
| U.S. stocks opened higher on Wednesday, as investors focus on the upcoming policy statement from the Federal Reserve. The central bank concludes its two-day meeting today at 11 a.m. Pacific time, and is expected to leave rates unchanged. Janet Yellen will hold a press conference at 11:30. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/greek-pm-will-reject-catastrophic-policy-for-greece-2015-06-17 | |||||||
| http://www.marketwatch.com/story/us-stocks-open-higher-as-fed-officials-meet-2015-06-17 | |||||||
| For today’s Market Update Report click to listen-> | |||||||