| The KUIK Market Update for Friday, September 12: | |||||||
| Markets are down but up off their lows. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (18) | points | 17,031 | 8:10 AM | ||
| S&P500 | Down | -0.2% | percent | 1,993 | (4.47) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,584 | (7.67) | ||
| 30 Year Treasury | Up | 8 | Basis Points | 3.33 | Annual Yield | ||
| The preliminary September reading on the University of Michigan/Thomson Reuters consumer-sentiment index rose to 84.6 — the highest level since July 2013 — up from a final August reading of 82.5. Economists expected a September reading of 83.8. Consumer-sentiment averaged 86.9 over the year leading up to the 2008 recession. | |||||||
| The Treasury Department announced expanded sanctions against Russian businesses in response to “continued Russian efforts to destabilize eastern Ukraine.” Russia’s largest bank, Sberbank, will no longer have access to long-term debt financing from the U.S. The U.S. is blocking the assets of five state-owned defense-technology firms and U.S. companies will blocked from cooperating with the five biggest firms in the Russian energy sector. | |||||||
| Gold futures edged lower today on a retail-sales report that matched expectations, raising confidence in the U.S. economic outlook and dampening safe haven buying. December gold fell 0.2% to $1,236.20 an ounce on the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/september-consumer-sentiment-index-rises-to-846-report-2014-09-12 | |||||||
| http://www.marketwatch.com/story/treasury-expands-sanctions-on-russia-over-ukraine-conflict-2014-09-12 | |||||||
| http://www.marketwatch.com/story/gold-flat-eyes-weekly-loss-of-2-on-dollar-strength-2014-09-12?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||