| The KUIK Market Update for Wednesday, July 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 86 | points | 17,716 | 7:59 AM | ||
| S&P500 | Up | 0.4% | percent | 2,102 | 8.30 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,097 | 7.48 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.99 | Annual Yield | ||
| The Stoxx Europe 600 was up 0.3% to 391.09, with only the industrials having a small pullback. The index rose 1.1% yesterday, partially recovering from the China-led global selloff on Monday. | |||||||
| The Federal Open Market Committee winds up its two day meeting today. There will be a closely watched statement from Fed Chairman Janet Yellen. The statement is due at 11 a.m Pacific time time, amid continued debate about when the central bank will begin raising interest rates. There will not be a press conference. | |||||||
| China’s shares ended higher Wednesday, with sharp gains in the last half-hour of trading, as officials stepped up efforts to calm markets.The Shanghai Composite gained 3.4%, ending at 3789.16, after alternating between gains and losses. The smaller Shenzhen Composite rose 4.1% to 2198.81. The gains ranged across sectors follow three days of selling that knocked 11% from China’s main stock index. Shanghai remains down more than 25% from its June high. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-step-up-as-investors-wait-for-fed-2015-07-29 | |||||||
| http://www.marketwatch.com/story/european-stocks-step-up-as-investors-wait-for-fed-2015-07-29 | |||||||
| http://www.marketwatch.com/story/china-stocks-remain-weak-as-investors-focus-on-the-fed-2015-07-29?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||