The KUIK Closing Market Report for Friday, June 2:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
62
points
21,206
8:27 PM
S&P500
Up
0.4%
percent
2,439
9.01
Nasdaq Composite
Up
0.9%
percent
6,306
58.97
30 Year Treasury
Down
(6)
basis points
2.81
Annual Yield
Philadelphia Fed President Patrick Harker said job creation is still strong. "We had 138,000 jobs in May, which is a good number," he said at the Pennsylvania Economic Association Annual Conference in Reading. "The 100,000-jobs-a-month rate is going to be more than sufficient to keep up with population growth. That’s more or less the rate we’ll need in a normal, healthy economy." Harker says he still thinks three rate hikes of 25 basis points each as appropriate for the year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
