The KUIK Closing Market Report for Tuesday, August 8:
Markets ended down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(33)
points
22,085
1:22 PM
S&P500
Down
-0.2%
percent
2,475
(5.99)
Nasdaq Composite
Down
-0.2%
percent
6,370
(13.31)
30 Year Treasury
Up
3
basis points
2.87
Annual Yield
Oil finished lower for a second session today as investors wait for details from an OPEC meeting to discuss an agreement to limit crude oil production. Crude prices got a brief lift on reports that Saudi Arabia is expected to cut sales of oil supplies to Asia by up to 10% next month but lingering worries over excess supply offset the positive impact. September crude fell 0.5% to settle at $49.17 a barrel on the New York Merc.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
