The KUIK Closing Market Report for Wednesday, March 1:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
301
points
21,115
5:37 PM
S&P500
Up
1.4%
percent
2,396
32.32
Nasdaq Composite
Up
1.4%
percent
5,904
78.59
30 Year Treasury
Up
10
basis points
3.07
Annual Yield
The Federal Reserve’s Beige Book, which is a collection of anecdotes about the economy gathered before the central bank makes interest-rate decisions, said “businesses were generally optimistic about the near term but to a somewhat lesser degree than in the prior report.” The report fits with the most recent estimate from the Atlanta Fed that GDP growth is below 2% in the first quarter of 2017
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
