The KUIK Closing Market Report for Wednesday, June 7:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
37
points
21,174
2:11 PM
S&P500
Up
0.2%
percent
2,433
3.81
Nasdaq Composite
Up
0.4%
percent
6,297
22.32
30 Year Treasury
Up
3
basis points
2.84
Annual Yield
The Congressional Budget Office estimates the U.S. government ran a budget deficit of $87 billion in May. That is $35 billion more than the May 2016 shortfall. The CBO said total receipts were up $15 billion from a year ago, with higher intake of individual taxes reflecting increases in wages and salaries. Spending was up $50 billion from May 2016. For the fiscal year to date, the deficit is $26 billion more than in the first eight months of fiscal 2016.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
