The KUIK Morning Market Report for Tuesday, December 13:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
97
points
19,893
7:03 AM
S&P500
Up
0.5%
percent
2,269
Nasdaq Composite
Up
0.9%
percent
5,463
30 Year Treasury
Down
(3)
Basis Points
3.13
Annual Yield
Donald Trump has named Exxon Mobil CEO Rex Tillerson to be secretary of state, according to the Trump transition team. “His tenacity, broad experience and deep understanding of geopolitics make him an excellent choice for secretary of state,” the president-elect said in a statement. The confirmation process for Tillerson may be rocky, as some senators have expressed concern about his ties to Russian President Vladimir Putin.
The National Federation of Independent Business said its small-business optimism index jumped 3.5 points to a seasonally adjusted 98.4 in November, for the strongest monthly gain since April 2009. According to the NFIB the optimism index was 95.4 for those who responded before the election, and 102.4 for those who responded after. After Donald Trump became president-elect and Republicans retained control of both chambers of Congress, job creation plans edged higher along withn expected better business conditions and expected higher sales. Trump has pledged to lower taxes, reduce regulations, and increase infrastructure spending.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
