The KUIK Closing Market Report for Tuesday, March 7:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(30)
points
20,925
2:40 PM
S&P500
Down
-0.4%
percent
2,367
(8.31)
Nasdaq Composite
Down
-0.3%
percent
5,834
(15.25)
30 Year Treasury
Up
1
basis points
3.11
Annual Yield
The Federal Reserve reports consumer credit increased $8.8 billion in January to a seasonally adjusted $3.8 trillion, posting an annual growth rate of only 2.8%. That is the slowest monthly growth rate since August 2011 and may mean consumers are getting worried. Consumer spending makes up about 70% of gross domestic product. Economists estimated an $18.3 billion gain in January, according to Econoday.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
