The KUIK Closing Market Report for Tuesday, February 16:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 223 points 16,196 1:57 PM
S&P500 Up 1.7% percent 1,896 30.80
Nasdaq Composite Up 2.3% percent 4,436 98.44
30 Year Treasury Up 3 Basis Points 2.64 Annual Yield
Business conditions in the New York region are still negative according to the New York Fed. The Empire State manufacturing index for February moved up to negative 16.6 from negative 19.4 in January. Contracting for the seventh straight month. Economists expected the index to improve to negative 12.0.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/empire-state-stays-in-deep-negative-territory-in-february-2016-02-16
For today’s Closing Market Report click to listen->