The KUIK Closing Market Report for Friday, October 6:
It was a flat day on Wall Street.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(2)
points
22,774
1:27 PM
S&P500
Down
-0.1%
percent
2,549
(2.74)
Nasdaq Composite
Up
0.1%
percent
6,590
4.82
30 Year Treasury
Up
2
basis points
2.91
Annual Yield
The Federal Reserve reports Americans borrowed at a slower pace in August than in July. Total consumer credit slowed to a gain of $13.1 billion, after July’s $17.7 billion. Spending was up at a 4.2% annually, down from a 5.7% pace in July. For all of 2016, consumer credit rose at a 6.7% rate.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
