| The KUIK Closing Market Report for Friday, August 29: | |||||||
| Markets were up. | |||||||
| Direction | Change | Units | Last | Time | Change | ||
| Dow | Up | 19 | points | 17,098 | 1:36 PM | ||
| S&P500 | Up | 0.3% | percent | 2,003 | 6.63 | ||
| Nasdaq Composite | Up | 0.5% | percent | 4,580 | 22.58 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.08 | Annual Yield | ||
| Marketwatch reports treasury Secretary Jacob Lew plans a September 8 speech on tax inversions, which is when a US company buys a foreign company and merges into it, becoming foreign corporation with a lower tax rate. Administration officials said they are alarmed at the growing number of companies pursing the practice in recent months. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/treasury-secretary-lew-to-speak-on-tax-reform-inversions-2014-08-29 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||