Closing Market Report 5/4/2017

May 4, 2017
The KUIK Closing Market Report for Thursday, May 4:
 
Markets were mixed.
 
Index Direction Change Units Index Time Change  
Dow Down                      (6) points         20,951 9:39 PM    
S&P500 Up 0.1% percent           2,390          1.39  
Nasdaq Composite Up 0.1% percent           6,075          2.79  
30 Year Treasury Up                       5 basis points            3.00 Annual Yield    
 
Crude oil plunged Thursday to levels not seen since late November and raises the stakes for the OPEC cartel when it meets later this month to decide whether to extend an agreement to curb output. June West Texas Intermediate crude settled at $45.52 a barrel on the New York Mercantile Exchange.
 
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/opec-faces-high-stakes-decision-as-oil-drops-to-5-month-low-2017-05-04
 
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