| The KUIK Closing Market Report for Monday, August 11: | |||||||
| Markets were up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 16 | points | 16,570 | 6:03 PM | ||
| S&P500 | Up | 0.3% | percent | 1,937 | 5.33 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,401 | 30.43 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.23 | Annual Yield | ||
| In a speech overnight in Sweden, Fed Vice Chairman Stanley Fischer said that the global recovery was disappointing. U.S. stock futures were higher after his speech as it suggested interest rates would stay low for long time. Fischer discussed Larry Summers’s view that the U.S. economy might be stuck in a period of secular stagnation with a savings glut, weak demand, and ultra-low interest rates. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/08/11/fischer-says-summers-could-be-right-about-secular-stagnation/ | |||||||
| For today’s Closing Market Report click to listen-> | |||||||