| The KUIK Market Update for Wednesday, October 28: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 80 | points | 17,661 | 7:37 AM | ||
| S&P500 | Up | 0.5% | percent | 2,076 | 10.21 | ||
| Nasdaq Composite | Up | 0.3% | percent | 5,047 | 16.61 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.87 | Annual Yield | ||
| The Commerce Department reports the trade gap in goods with services excluded fell nearly 13% to $58.6 billion in September. The seasonally adjusted deficit in goods had shot up to a revised $67.2 billion in August from $59.1 billion in July. The government will release overall trade numbers for September next Wednesday. | |||||||
| The U.S. dollar edged lower against the euro as investors refrained from taking large bets ahead of long-awaited policy guidance from the Federal Reserve. The Fed is expected to release its monetary policy statement at 11 am Pacific time. Fed-funds futures, which reflect investors’ expectations, were pricing in only a 5% probability of a hike, according to the CME Group FedWatch tool. | |||||||
| December gold is up 1.4%, to $1,181.60 an ounce on the Comex, after finishing with a slight loss yesterday. That’s the highest price since October 16. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/early-look-at-us-trade-in-september-signals-big-decline-in-deficit-2015-10-28 | |||||||
| http://www.marketwatch.com/story/dollar-wobbles-as-investors-remain-wary-ahead-of-fed-call-2015-10-28?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-futures-approach-highest-level-in-more-than-a-week-2015-10-28 | |||||||
| For today’s Market Update Report click to listen-> | |||||||