| The KUIK Closing Market Report for Wednesday, September 2: | |||||||
| It was another crazy day on Wall Street. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Up | 293 | points | 16,058 | 1:52 PM | ||
| S&P500 | Up | 1.8% | percent | 1,949 | 35.01 | ||
| Nasdaq Composite | Up | 2.5% | percent | 4,750 | 113.87 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.96 | Annual Yield | ||
| The Federal Reserve’s Beige Book indicated growing wage pressure in the U.S. economy. And that could impact the Fed’s deliberations at the upcoming September interest-rate-setting meeting. The report said that “several” of the 12 district banks “reported increasing wage pressures caused by labor market tightening.” Earlier Beige Book reports this year have found only higher pay in isolated sectors and other labor market data has shown no sign of higher wage pressure so far this year. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/fed-beige-book-finds-increasing-wage-pressures-2015-09-02 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||