Closing Market Report 2/7/2018

The KUIK Closing Market Report for Wednesday, February 7:

Markets were down.

Index

Direction

Change

Units

Index

Time

Change

Dow

Down

                   (20)

points

        24,893

7:13 PM

S&P500

Down

-0.5%

percent

          2,682

       1.38

Nasdaq Composite

Down

-0.9%

percent

          7,053

       9.00

30 Year Treasury

Up

                      7

Basis Points

           3.12

Annual Yield

Wiping away the $1.4 trillion in outstanding loan debt for the 44 million Americans who carry it could boost GDP by between $86 billion and $108 billion per year, on average for the 10 years following the debt cancellation, according to a report published by the Levy Economics Institute of Bard College. Getting rid of the debt would also lower the average unemployment rate by 0.22 to 0.36 percentage points over 10 years and could add between 1.2 million and 1.5 million jobs per year.

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/canceling-14-trillion-in-student-debt-could-have-major-benefits-for-the-economy-2018-02-07

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