| The KUIK Morning Market Report for Monday, February 3: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (43) | points | 15,656 | 6:55 AM | ||
| S&P500 | Down | -0.22% | percent | 1,779 | (3.98) | ||
| Nasdaq Composite | Down | -0.30% | percent | 4,091 | (12.42) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.62 | Annual Yield | ||
| Treasury Secretary Jacob Lew today urged Congress to “act now” to raise the U.S. debt limit. “Time is short,” Lew said, speaking at research organization the Bipartisan Policy Center, noting the debt limit is suspended through Friday. He repeated that Treasury would likely exhaust extraordinary measures to keep borrowing by late February. Republicans have said they want concessions for raising the debt limit. At the same time, House Speaker John Boehner has said Republicans don’t want to default on the debt, calling that “the wrong thing.” | |||||||
| A 2% fall for Japan’s Nikkei Stock Average today to 14619 put the index in a correction, defined as a drop of 10% or more from the previous peak. The Nikkei Average’s most recent top was on the last trading day of December, when the 225-component index reached its highest level in more than six years, according to The Wall Street Journal. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/congress-must-act-now-on-debt-limit-lew-says-2014-02-03 | |||||||
| http://www.marketwatch.com/story/japan-stock-drop-puts-nikkei-average-in-correction-2014-02-03 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||