| The KUIK Market Update for Friday, September 18: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (233) | points | 16,438 | 7:19 AM | ||
| S&P500 | Down | -1.1% | percent | 1,969 | (21.37) | ||
| Nasdaq Composite | Down | -0.8% | percent | 4,855 | (38.46) | ||
| 30 Year Treasury | Down | (7) | Basis Points | 2.96 | Annual Yield | ||
| The Stoxx Europe 600 fell 0.8% to 358.08. No sectors were up and basic materials, industrials and financials performed the worst. After trading in Europe closed yesterday, the Federal Reserve announced that it would keep interest rates near zero, saying “recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation,” in the near term. | |||||||
| n China, the Shanghai Composite Index rose 0.4% to recover some losses for the week. The index lost 3.2% this week with brokers citing investor nervousness about that Fed’s decision and weak economic data. | |||||||
| The Conference Board’s leading economic index edged up 0.1% in August after a flat reading in July. That “suggests economic growth will remain moderate into the New Year, with little reason to expect growth to pick up substantially,” according to a statement form Ataman Ozyildirim, director of business cycles and growth research. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-slump-as-fed-points-to-global-growth-worries-2015-09-18?dist=beforebell | |||||||
| http://www.marketwatch.com/story/asian-shares-gain-after-fed-holds-fire-on-rates-2015-09-18?dist=beforebell | |||||||
| http://www.marketwatch.com/story/leading-indicators-nudge-01-higher-in-august-2015-09-18 | |||||||
| For today’s Market Update Report click to listen-> | |||||||