The KUIK Closing Market Report for Thursday, December 31:
Markets were down.
Index Direction Change Units Index Time Change
Dow Down (179) points 17,425 1:12 PM
S&P500 Down -0.9% percent 2,044 (19.42)
Nasdaq Composite Down -1.2% percent 5,007 (58.44)
30 Year Treasury Down (3) Basis Points 3.01 Annual Yield
“February crude rose 1.2% to finish at $37.04 a barrel. Crude is down 30.5% for the year and has lost 62.4% over the last two years. Crude hadn’t dropped two years in a row since 1998. Oil trimmed its gains after oil-field services firm Baker Hughes said the total number of U.S. oil rigs fell by two this week to 536. Markets will be closed tomorrow for the New Year’s Day holiday.
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Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/crude-holds-tight-as-dark-clouds-hang-over-prices-for-2016-2015-12-31
For today’s Closing Market Report click to listen->