The KUIK Closing Market Report for Thursday, November 10:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
218
points
18,808
2:33 PM
S&P500
Up
0.2%
percent
2,167
4.22
Nasdaq Composite
Down
-0.8%
percent
5,209
(42.28)
30 Year Treasury
Up
5
Basis Points
2.93
Annual Yield
Shares of Fannie Mae and Freddie Mac have rallied this week as President-elect Donald Trump works with advisors seen as sympathetic to shareholders. Shares of Fannie are up about 41% and Freddie shares up 46% sinces Tuesday. They were placed under federal conservatorship during the 2008 financial crisis, and in 2012 the Obama administration amended the terms of the agreement to sweep quarterly profits from the companies, a move that’s been challenged by shareholders.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
