The KUIK Closing Market Report for Friday, February 19:
Markets ended mixed.
Index Direction Change Units Index Time Change
Dow Down (21) points 16,392 1:49 PM
S&P500 Down 0.0% percent 1,918 (0.05)
Nasdaq Composite Up 0.4% percent 4,504 16.89
30 Year Treasury Down (2) Basis Points 2.61 Annual Yield
Moody’s Investors Service announced today it has downgraded 28 energy companies since December, as it continues its review of the troubled sector. The agency surprised investors in January when it placed the credit ratings of 120 energy companies and 55 mining companies around the world on review for a possible downgrade. The move came after a deep slump in the price of oil and other commodities, hurt by oversupply and the slowdown in China.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/moodys-tallies-28-downgrades-in-the-energy-sector-since-december-2016-02-19
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