Closing Market Report 2/9/2015

The KUIK Closing Market Report for Monday, February 9:
Markets started the week down.
Direction Change Units  Last Time Change
Dow Down                    (95) points           17,729 2:02 PM
S&P500 Down -0.4% percent             2,047       (8.73)
Nasdaq Composite Down -0.4% percent             4,726     (18.39)
30 Year Treasury Up                       0 Basis Points               2.52 Annual Yield
Marketwatch reports that consumers are spending their savings from lower gas prices on more gas. Plunging prices encourage Americans to drive more often and buy more trucks. At the same time, faster economic growth and an increase hiring over the past year means more Americans are taking part in the daily commute. The result is higher demand for gasoline.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/what-americans-are-doing-with-their-gas-savings-2015-02-09
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