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The KUIK Market Update for Tuesday, January 23: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
20 |
points |
26,235 |
8:10 AM |
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S&P500 |
Up |
0.3% |
percent |
2,841 |
1.01 |
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Nasdaq Composite |
Up |
0.6% |
percent |
7,453 |
8.49 |
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30 Year Treasury |
Down |
(4) |
Basis Points |
2.88 |
Annual Yield |
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The Trump administration said Monday it would impose new trade barriers aimed at protecting US makers of solar panels and washing machines from a recent surge of cheap imports that are mostly from China. The administration said it would impose tariffs on washing machines at a rate up to 50%, with the rates phasing out over the next few years and combined with quotas. Tariffs on solar modules would be as high as 30%, and also be phased out over time. The solar and washer decisions are the first of what is officials have signaled will be a number of 2018 actions invoking trade protection powers |
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Bitcoin is up 4% to $10,569. It’s under pressure as officials in South Korea announced new measures to regulate trading in cryptocurrencies. The Financial Services Commission ), the nation’s finance watchdog announced a ban anonymous accounts linked to digital currencies and also approved measures to prevent money laundering. The South Korean government plans to collect 24.2% of taxes from the country’s cryptocurrency exchanges this year. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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[category Market Updates] [tags audio,KUIK] |
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For today’s Market Update Report click to listen-> |
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