The KUIK Closing Market Report for Thursday, September 21:
Markets finished mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(52)
points
22,360
1:09 PM
S&P500
Down
-0.3%
percent
2,501
(7.64)
Nasdaq Composite
Down
-0.5%
percent
6,423
(33.35)
30 Year Treasury
Down
(1)
basis points
2.81
Annual Yield
The Federal Reserve said today that the net worth of households and nonprofits rose by 1.7%, or $1.7 trillion, to $96.2 trillion, as the value of stockss rose by $1.1 trillion and real estate rose by about $600 billion. But an earlier report from the Federal Reserve says that less than half of all families hold stocks. Household debt grew at a 3.7% annual rate, driven by student and auto loans. Mortgage debt excluding charge-offs rose 2.8%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
