The KUIK Closing Market Report for Thursday, January 18:
Markets were down after yesterday’s big runup.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(98)
points
26,018
2:26 PM
S&P500
Down
-0.2%
percent
2,798
Nasdaq Composite
Down
0.0%
percent
7,296
(2.23)
30 Year Treasury
Up
4
Basis Points
2.89
Annual Yield
Bitcoin is trading at $11,190, after it was knocked down Wednesday to its lowest level since late November, below $10,000, according to prices on CoinDesk. Concerns that South Korea and China will clamp down on cryptocurrency trading has sparked a recent rout for bitcoin and other digital currencies. South Korea’s head of the Financial Services Commission told parliament today that the government may close “all local virtual currency exchanges or just the ones who have been violating the law,” according to Reuters.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
