The KUIK Closing Market Report for Thursday, June 8:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
9
points
21,183
2:23 PM
S&P500
Up
0.0%
percent
2,434
0.65
Nasdaq Composite
Up
0.4%
percent
6,322
24.38
30 Year Treasury
Up
2
basis points
2.86
Annual Yield
The Federal Reserve reports reported that household net worth rose 2.5% to $94.84 trillion, helped by $1.3 trillion gain in the stock market anda $500 billion increase in the value of real estate. Nonfinancial business debt rose by 6.2%, as companies aggressively borrow at current low interest rates. Short-term debt accounted for about 28% of total business debt. Household debt grew by 3.2%, as consumer credit expanded 5% and mortgage debt rose 3%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
