Morning Market Report 2/6/2018

The KUIK Morning Market Report for Tuesday, February 6:

Markets are up.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Up

                      58

 points

          24,404

7:04 AM

S&P500

Up

0.8%

percent

           2,673

           (1.99)

Nasdaq Composite

Up

0.6%

percent

           7,006

           (2.34)

30 Year Treasury

Down

                       (1)

Basis Points

             3.06

Annual Yield

The Commerce Department reports the U.S. trade deficit in December and for the full year both rose to the highest levels since 2008. The deficit in December rose 5.3% to $53.1 billion. Economists expected $52.2 billion. Imports increased 2.5% to a record $256.5 billion while exports rose 1.8% to $203.4 billion, also a record. For all of 2017, the trade gap was up 12.1% to $566 billion.

Idaho Republican Michael Crapo and Sherrod Brown, a Democrat from Ohio, will hold a Senate Banking Committee hearing today to examine SEC and CFTC oversight of  virtual currencies. The SEC’s Jay Clayton and CFTC’s Christopher Giancarlo teamed up in an op-ed in The Wall Street Journal, give their views on regulation of blockchain initiatives, cryptocurrencies and initial coin offerings.

Sign up for a  Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK.

www.marketwatch.com/story/us-trade-deficit-in-trumps-first-year-soars-to-9-year-high-of-566-billion-2018-02-06

www.marketwatch.com/story/cryptocurrency-hearing-will-have-sec-cftc-chiefs-trying-to-juggle-allowing-innovation-with-protection-against-fraud-2018-02-05

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