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 “Dreamers” who are young undocumented immigrants who were brought to the U.S. by their parents—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 Trump’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 Builders’ 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 “building material price increases and shortages of labor and lots” 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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