| The KUIK Closing Market Report for Wednesday, August 27: | |||||||
| Markets were flat. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 15 | points | 17,122 | 2:13 PM | ||
| S&P500 | Unchanged | 0.0% | percent | 2,000 | 0.10 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,570 | (1.02) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.11 | Annual Yield | ||
| In an update of budget and economic projections for 2014 to 2024, the Congressional Budget Office said the U.S. government’s deficit for fiscal 2014 will be $506 billion, or 2.9% of gross domestic product. The new estimate is $14 billion more than the agency’s prior estimate in April. The increase is mostly due to lower-than-expected revenues for the year — particularly receipts of corporate taxes. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/cbo-forecasts-506-billion-budget-deficit-for-2014-2014-08-27 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||