| The KUIK Closing Market Report for Wednesday, August 12: | |||||||
| It was anther wild day on Wall Street. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Down | (0) | points | 17,403 | 2:34 PM | ||
| S&P500 | Up | 0.1% | percent | 2,086 | 1.98 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,044 | 7.60 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.82 | Annual Yield | ||
| U.S. stocks erased steep losses today to close mostly higher, after the S&P 500 briefly descended into negative territory for the year and the Dow fought back from 276 point drop. China let the yuan fall another 1.6% today after letting it fall 1.9% yesterday, and that sent shock waves through global markets. A weaker yuan is good for Chinese exporters but bad for international companies that compete with Chinese companies or export goods to the world’s No. 2 economy. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-stock-futures-slump-as-china-devalues-yuan-again-2015-08-12 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||