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The KUIK Closing Market Report for Wednesday, February 14: |
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Markets were up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow |
Up |
253 |
points |
24,893 |
2:40 PM |
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S&P500 |
Up |
1.3% |
percent |
2,699 |
1.38 |
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Nasdaq Composite |
Up |
1.9% |
percent |
7,144 |
9.00 |
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30 Year Treasury |
Up |
5 |
Basis Points |
3.18 |
Annual Yield |
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Amazon.com has partnered with Bank of America to provide sellers on its platform access to credit so they can buy more inventory, according to a report by CNBC. It said it allows Amazon to reduce its risk and the program offers loans of $1,000 to $750,000 for firms that may have trouble borrowing money through traditional sources. The lending program is invite only, has no website, and is geared toward helping sellers move more inventory. |
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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. |
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www.marketwatch.com/story/amazon-and-bank-of-america-have-partnered-for-lending-report-2018-02-14 |
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For today’s Closing Market Report click to listen-> |
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