Market Update Report 1/17/2018

The KUIK Market Update for Wednesday, January 17:
Markets are up.
Index Direction Change Units Index Time Change
Dow Jones Industrial Average Up 115 points 25,907 8:01 AM
S&P500 Up 0.3% percent 2,785 (0.02)
Nasdaq Composite Up 0.3% percent 7,249 (8.63)
30 Year Treasury Down (2) Basis Points 2.81 Annual Yield
Senators are hard at wok salvaging a plan protecting ā€œDreamersā€ who are young undocumented immigrants who were brought to the U.S. by their parentsā€”as the divide grows over an immigration deal which is key to avoiding a government shutdown this weekend. The White House cinsistsg that Congress allocate billions more for President Trumpā€™s border wall with Mexico. Without a spending agreement by 12:01 a.m. Saturday, the government will partially shut down operations.
The National Association of Home Buildersā€™ monthly confidence index dropped two points to 72 in January. It hit an 8-year high in December, and economists expected only a one-point drop. The current sales conditions and future sales were both down a point, while buyer traffic fell four points. The association said ā€œbuilding material price increases and shortages of labor and lotsā€ ares the biggest concerns for its members. But builders are optimistic about profit-boosting tax cuts and strong demand for homes.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
https://www.marketwatch.com/story/disputes-threaten-dreamer-deal-and-a-government-shutdown-2018-01-17
https://www.marketwatch.com/story/home-builder-confidence-loses-steam-but-still-signals-upside-market-momentum-2018-01-17
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