The KUIK Morning Market Report for Tuesday, May 2:
Markets are mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
6
points
20,920
7:03 AM
S&P500
Down
-0.1%
percent
2,387
(1.62)
Nasdaq Composite
Down
-0.2%
percent
6,082
(9.33)
30 Year Treasury
Down
(1)
Basis Points
3.00
Annual Yield
Greece and its creditors reached an agreement on the austerity measures and economic overhaul the country must implement to keep its bailout program going, clearing the way for talk on debt-relief. The agreement will release the next $7.63 billion round of bailout funds Greece needs to make its July debt payments and it sets the conditions for it creditors to discuss ways to ease the country’s mounting debt.
In a pair of tweets, President Trump knocked Senatre Democrats as he called for a government shutdown in September. He tweeted “The reason for the plan negotiated between the Republicans and Democrats is that we need 60 votes in the Senate which are not there! We either elect more Republican Senators in 2018 or change the rules now to 51%. Our country needs a good “shutdown” in September to fix mess!” Congress is expected to vote on a spending bill tomorrow to keep the government open through September and the end of the government’s fiscal year.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
