The KUIK Closing Market Report for Tuesday, February 21:
Markets ended up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
119
points
20,743
2:41 PM
S&P500
Up
0.6%
percent
2,365
14.22
Nasdaq Composite
Up
0.5%
percent
5,866
27.37
30 Year Treasury
Up
1
basis points
3.04
Annual Yield
San Francisco Federal Reserve President John Williams said that blockchain technology could lower costs while making record keeping easier and more efficient. Williams spoke at Boise State University. He said that people understand that bitcoin won’t replace government-issued currencies like the U.S. dollar. In December, the Fed published a paper examining how blockchain technology could be applied in the financial industryand Fed Chairman Janet Yellen has said the technology could have a significant impact on the payments system.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
