Closing Market Report 3/12/2018

The KUIK Closing Market Report for Monday, March 12:

Markets were mixed.

Index

Direction

Change

Units

Index

Time

Change

Dow

Down

                  (157)

points

        25,179

2:33 PM

S&P500

Down

-0.1%

percent

          2,783

       1.00

Nasdaq Composite

Up

0.4%

percent

          7,588

       9.00

30 Year Treasury

Down

                     (3)

Basis Points

           3.13

Annual Yield

The federal government reported a monthly budget deficit of $215 billion in February, up 12% from February 2017 due to lower revenue and higher spending. For the first five months of the fiscal year, the government’s deficit is $391 billion, up $40 billion. Revenues were down 9%. Taxes withheld were down 2% while spending is up  $7 billion. Outlays for interest on the public debt increased by 9% to $28 billion. The rise in spending was led by gains in military spending and for the aftermath of last years’ hurricanes.

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/us-february-budget-report-shows-first-signs-of-wider-deficits-to-come-2018-03-12

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