The KUIK Closing Market Report for Wednesday, May 17:
Markets had a big down day.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(373)
points
20,607
2:40 PM
S&P500
Down
-1.8%
percent
2,357
(43.64)
Nasdaq Composite
Down
-2.6%
percent
6,011
(158.63)
30 Year Treasury
Down
(9)
basis points
2.90
Annual Yield
The Conference Board says global productivity will rebound to 1.9% this year after just 1.3% annual growth in the last two years. In Europe, it’s due to the cyclical improvement in the economy and in the U.S., it reflects slowing job growth. The Conference Board expects improving productivity in both mature and emerging nations, helped by faster growth and a return to normalized monetary policy.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
