The KUIK Closing Market Report for Friday, January 8:
Markets ended down.
Index Direction Change Units Index Time Change
Dow Down (168) points 16,346 2:46 PM
S&P500 Down -1.1% percent 1,922 (21.06)
Nasdaq Composite Down -1.0% percent 4,644 (45.79)
30 Year Treasury Down (1) Basis Points 2.92 Annual Yield
The Congressional Budget Office reports the federal government ran a budget deficit of $11 billion in December. It would have had a surplus of $34 billion but some bills that were due in January were paid in December. For the fiscal year to date, the deficit has widened by $36 billion to $212 billion. For the first three months of the fiscal year that started in October, receipts are up 4% and spending has risen 7%.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/us-december-budget-deficit-was-11-billion-cbo-says-2016-01-08
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