| The KUIK Market Update for Friday, August 14: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 8 | points | 17,415 | 8:07 AM | ||
| S&P500 | Down | 0.0% | percent | 2,083 | (0.43) | ||
| Nasdaq Composite | Down | -0.3% | percent | 5,020 | (13.79) | ||
| 30 Year Treasury | Unchanged | – | Basis Points | 2.86 | Annual Yield | ||
| Markets in Asia rallied Friday. China’s yuan finished up 0.1% against the U.S. dollar for the first day of gains in three since Beijing started to let the market partially determine the currency’s trading level. Earlier in the day, the central bank set a stronger daily fixing, easing concerns that the currency was in free fall. The Shanghai Composite ended up 0.3% on Friday, while the smaller Shenzhen Composite gained 0.5%. | |||||||
| The University of Michigan’s consumer sentiment index fell slightly to a preliminary reading of 92.9 in August down from 93.1 in July. Economists expected 92.8. It was the second-lowest reading of 2015. | |||||||
| September crude fell oil six cents, to $42.17 a barrel after earlier falling as low as $41.35, a level seen last in March 2009. Concerns about demand from China following the yuan’s devaluation and worries about a global supply glut have pushed down crude. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/chinas-yuan-holds-steady-asian-stocks-mixed-2015-08-14 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-edged-lower-in-august-reports-say-2015-08-14?dist=lcountdown | |||||||
| http://www.marketwatch.com/story/oil-falls-to-fresh-6-year-low-down-x-for-week-2015-08-14 | |||||||
| For today’s Market Update Report click to listen-> | |||||||