The KUIK Closing Market Report for Tuesday, February 28:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(25)
points
20,812
1:30 PM
S&P500
Down
-0.3%
percent
2,364
(6.11)
Nasdaq Composite
Down
-0.6%
percent
5,825
(36.46)
30 Year Treasury
Down
(2)
basis points
2.97
Annual Yield
An interest rate hike “is on the table for serious consideration” at the Federal Reserve’s upcoming policy meeting in mid-March, accordingto San Francisco Fed President John Williams. In a speech to the Santa Cruz Chamber of Commerce, Williams said he was confident the economy would continue to grow at a healthy pace even as the Fed raises rates. “The aim is to keep the economic expansion on sound footing – not too hot, not too cold —that can be sustained for as long as possible.”
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
