Rush Limbaugh

ON AIR NOW

Rush Limbaugh

10:00am - 1:00pm

Contact
Business News


On this last trading day of August, the S&P 500 and Nasdaq are on track for their biggest monthly percentage losses since May of 2012, despite actually gaining ground last week.  The S&P 500 is down about 5% and the Nasdaq is down the same. (CNBC)

US investors pulled $17.8 billion out of stock funds last the week. The outflows from stock funds were the biggest since mid-December of last year. Funds that specialize in US shares bled $11.7 billion, while funds that specialize in foreign shares posted $6.1 billion in outflows to mark their biggest outflows since Jan. 2008. Taxable bond mutual funds bled $4.7 billion. (Thomson Reuters' Lipper)

Someone believes the age of oil is not dead. Warren Buffett's Berkshire Hathaway has disclosed a $4.48 billion stake, or roughly 10.8%, in Phillips 66. (Reuters)

Mark your calendar for potentially market moving news this week.  Wednesday is the ADP private sector employment report and Friday is the big  August government jobs report.  Investors will be mining the numbers for clues on whether the Fed might hike rates at its mid-September meeting or delay to December.
 

Hide Comments

News
Traffic

 

 

  • NE 27th Street between NE Butler Market and Jill Avenue for roadwork related to roundabout construction, full road closure with detour, 4/13/20 - 7/27/20 
  • 15th Street between Knott Road and the new collector road for infrastructure installation, full closure of the roadway, 12/26/20 - 7/31/20 
  • Murphy Road between Brown Trout Place and Country Club Drive for roadwork related to Murphy Corridor project, bypass road constructed to provide Westbound/Eastbound traffic with minimal impacts to traffic, 4/17/20 - 06/12/20 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER