The KUIK Closing Market Report for Friday, August 18:
Markets closed down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(76)
points
21,675
1:40 PM
S&P500
Down
-0.2%
percent
2,426
(4.46)
Nasdaq Composite
Down
-0.1%
percent
6,217
(5.39)
30 Year Treasury
Unchanged
–
basis points
2.78
Annual Yield
Americans were almost as optimistic about the economy in August as they were at the start of the year, when President Donald Trump took office, according to the closely watched University of Michigan’s sentiment index. The poll of consumers took place before the rioting at the University of Virginia between white nationals and counterprotesters that resulted in one death and scores of injuries.“Too few interviews were conducted following Charlottesville to assess how much it will weaken consumers’ economic assessments,” said Richard Curtin, chief economist of the survey.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
