| The KUIK Market Update for Wednesday, August 20: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 24 | points | 16,944 | 8:10 AM | ||
| S&P500 | Up | 0.1% | percent | 1,983 | 1.42 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,526 | (1.71) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.23 | Annual Yield | ||
| The U.K.’s FTSE 100 index snapped a five-day winning streak and the pound climbed today after minutes from the latest Bank of England policy-setting meeting showed two members were in favor of hiking interest rates. The FTSE 100 index fell 0.3% to 6,758.19, after closing at the highest level since late July on Tuesday. | |||||||
| No major U.S. economic releases are on today’s calendar except for the minutes of the July 29-30 Federal Open Market Committee meeting. Investors are asking if the Fed will increase interest rates sooner versus later. Some hawkish members have been advocating an early increase. | |||||||
| Bloomberg reports the airlines watching the Bardarbunga volcano in Iceland for an eruption, ash clouds that could force flight cancellations across the North Atlantic, the busiest international travel market. Seismic activity has raised concerns that airlines may face a repeat of the 2010 disruptions when a cloud belched from a volcano forced carriers to cancel more than 100,000 flights and caused $1.7 billion in lost revenue. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/ftse-breaks-5-day-winning-streak-ahead-of-boe-report-2014-08-20 | |||||||
| http://www.marketwatch.com/story/us-markets-futures-dip-ahead-of-fed-minutes-2014-08-20?link=MW_Nav_NV | |||||||
| http://www.bloomberg.com/news/2014-08-19/airlines-on-alert-amid-threat-of-iceland-volcano-eruption.html | |||||||
| For today’s Market Update Report click to listen-> | |||||||