| The KUIK Closing Market Report for Friday, May 8: | |||||||
| Markets were up. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Up | 267 | points | 18,191 | 1:50 PM | ||
| S&P500 | Up | 1.4% | percent | 2,116 | 28.10 | ||
| Nasdaq Composite | Up | 1.2% | percent | 5,004 | 58.00 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.90 | Annual Yield | ||
| The Illinois Supreme Court declared in a ruling today that the state’s 2013 pension overhaul violates the state constitution, unraveling an effort by lawmakers to cut benefits for its underfunded public-sector pension system. The shortfall is estimated at $111 billion, one of the largest nationally. That comes on the heels of yesterday’s decision by the the Oregon Supreme Court that rejected lawmakers attempt to stem the skyrocketing costs of PERS by lowering retirees’ cost of living adjustments. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/illinois-public-sector-pension-overhaul-struck-down-by-state-supreme-court-2015-05-08 | |||||||
| For today’s Closing Market Report click to listen-> | |||||||