January 3, 2017

Closing Market Report 1/3/2017

The KUIK Closing Market Report for Tuesday, January 3:

Markets were up.

Index	Direction	Change	Units	Index	Time	Change
Dow	Up	119	points	19,882	2:19 PM
S&P500	Up	0.9%	percent	2,258		19.00
Nasdaq Composite	Up	0.9%	percent	5,429		45.97
30 Year Treasury	Down	(1)	Basis Points	3.05	Annual Yield

The Consumer Financial Protection Bureau today fined two of the largest U.S. credit reporting agencies, TransUnion and Equifax and their subsidiaries, for “deceiving consumers” about how useful the credit scores were that they sold to them and charging customers unfairly. In advertisements consumers were told their credit scores and credit-related products would be free or just $1 but they were charged a recurring fee of $16 or more a month if they didn’t cancel the free trials. The companies will pay about $17.6 million in restitution to customers and another $5.5 million in fines.

Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/major-credit-reporting-agencies-fined-over-20-million-for-charging-16-a-month-for-free-credit-scores-2017-01-03

For today’s Closing Market Report click to listen->