The KUIK Closing Market Report for Monday, May 15:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
85
points
20,982
1:42 PM
S&P500
Up
0.5%
percent
2,402
11.42
Nasdaq Composite
Up
0.5%
percent
6,150
28.44
30 Year Treasury
Up
2
basis points
3.01
Annual Yield
The S&P 500 and the Nasdaq Composite closed at fresh records today with the help of higher oil prices. June crude is up 1.9% to $48.80 a barrel after energy ministers from Saudi Arabia and Russia said in a joint statement that they endorse a nine-month extension to current production cuts which is three months longer than expected. The extension still needs to be confirmed when the 13 members of the Organization of the Petroleum Exporting Countries gather for a meeting in Vienna on May 25.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
