Market Update Report 1/22/2018

The KUIK Market Update for Monday, January 22:
Markets are up.
Index Direction Change Units Index Time Change
Dow Jones Industrial Average Up 27 points 26,099 7:30 AM
S&P500 Up 0.3% percent 2,819 1.01
Nasdaq Composite Up 0.4% percent 7,368 8.49
30 Year Treasury Unchanged Basis Points 2.91 Annual Yield
Lawmakers failed Sunday to end the federal government shutdown, which will stretch into a third day today as negotiations over immigration continue on Capitol Hill. The Senate is expected to hold a vote at noon today on a measure to fund the governmentthrough February 8. Senate Majority Leader Mitch McConnell (R., Ky.) on the Senate floor last night said he is willing to consider immigration legislation in early February if a deal hadn’t already been reached.
Maketwatch reports that last tax year, the IRS stopped 787,000 confirmed identity theft returns, totaling more than $4 billion. For the same nine-month period in 2015, the IRS stopped 1.2 million confirmed identity theft returns, totaling about $7.2 billion. But the IRS estimates 2016 had $21 billion in losses due to fraud. Be careful, 143 million people’s social security numbers were compromised in the Equifax breach last September. Compromised Social Security Numbers are the most common “pre-existing condition” of crimes committed against the U.S. Treasury,
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
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