The KUIK Closing Market Report for Monday, September 18:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
63
points
22,331
2:37 PM
S&P500
Up
0.2%
percent
2,504
3.64
Nasdaq Composite
Up
0.1%
percent
6,455
6.17
30 Year Treasury
Up
3
basis points
2.80
Annual Yield
A report, from the Congressional Budget Office, shows that the average corporate tax revenue fell by $45 million in the first full year after an inversion. That’s when a U.S. multinational converts to being a foreign corporation in the U.S. tax system, even though the shareholders of the original U.S. company retain more than 50% of the new company. Companies reduced their ratio of world-wide taxes to earnings from an average of 29% the year before inversion to 18% the year after, according to data from 1994 to 2014.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
