The KUIK Closing Market Report for Tuesday, January 31:
Markets ended mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(107)
points
19,864
1:17 PM
S&P500
Down
-0.1%
percent
2,279
(2.03)
Nasdaq Composite
Up
0.0%
percent
5,615
1.07
30 Year Treasury
Down
(3)
basis points
3.05
Annual Yield
March crude finished up 0.4% to $52.85 a barrel on the New York Merc finishing off the highs for the session. Prices were down about 1% yesterday and closed down about 1.7% for January. Analysts atribute a late-session pullback to signs that U.S. oil producers undermine the recent output pact by OPEC to limit production by about 2% globally. Baker Hughes last Friday reported a weekly rise in U.S. oil drilling rigs by 15 to 566, and U.S. government data showed a rise of 17,000 barrels a day in total domestic crude production for the week ended Jan. 20.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
