Market Update Report 2/9/2018

The KUIK Market Update for Friday, February 9:

Markets are up but down from their highs.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Up

                    66

 points

          23,927

8:17 AM

S&P500

Up

0.5%

percent

            2,593

     (1.99)

Nasdaq Composite

Up

0.5%

percent

            6,814

     (2.34)

30 Year Treasury

Up

                      1

Basis Points

              3.14

Annual Yield

The House of Representatives voted early this morning for a two-year budget deal. It raises both defense and domestic spending by about $300 billion and reopened the federal government after it shut down just past midnight Eastern time.It moves the  the next vote on the debt limit until after November’s midterm elections.

Eyes are on the US stock market but stocks in Europe had their worst week in two years. The Stoxx Europe 600 index is off  -1.69%  to 367.71, building on a 1.6% loss from Thursday.  The UK’s FTSE 100 index lost  -0.90% lost 0.7% to 7,097.97 on pace for its lowest close since April. For the week, the index is looking at a 4.3% drop, which would be its worst since November 2016, when it also fell 4.3% in one week.

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/senate-passes-budget-deal-as-government-remains-shut-down-2018-02-09

www.marketwatch.com/story/european-stocks-head-for-worst-week-in-2-years-as-global-selloff-rages-on-2018-02-09?mod=MW_story_hoverstory

For today’s Market Update Report click to listen->