The KUIK Closing Market Report for Thursday, May 25:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
71
points
21,083
5:51 PM
S&P500
Up
0.4%
percent
2,415
10.68
Nasdaq Composite
Up
0.7%
percent
6,205
42.23
30 Year Treasury
Down
(1)
basis points
2.92
Annual Yield
Members of the Organization of the Petroleum Exporting Countries agreed to keep their output-cut deal in place through March of next year, and thatmatched market consensus, but it disappointed some traders who were looking for a longer time frame or larger cuts. Reports of the nine-month extension came out hours ahead of the official announcement, with prices dropping in reaction to July crude 5.0%, to settle at $48.77 a barrel on the New York Merc.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
