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The KUIK Closing Market Report for Monday, January 29: |
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Markets were down. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow |
Down |
(177) |
points |
26,439 |
2:43 PM |
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S&P500 |
Down |
-0.7% |
percent |
2,854 |
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Nasdaq Composite |
Down |
-0.5% |
percent |
7,467 |
(3.89) |
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30 Year Treasury |
Up |
3 |
Basis Points |
2.94 |
Annual Yield |
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The U.S. Treasury expects to borrow $441 billion in the first calendar quarter, $71 billion less than previously estimated. The new forecast includes an end-of-quarter cash balance of $210 billion. But analysts said debt ceiling constraints and the uncertain cash flow impact of the tax bill may make it difficult for the government to project borrowing. The government will hit the debt ceiling in early March unless Congress authorizes more borrowing. |
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For a free Social Security and Retirement Analysis go to brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/treasury-expects-to-borrow-441-billion-in-first-quarter-2018-01-29 |
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For today’s Closing Market Report click to listen-> |
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