The KUIK Closing Market Report for Tuesday, January 12:
Markets ended mixed.
Index Direction Change Units Index Time Change
Dow Up 118 points 16,516 11:28 AM
S&P500 Up 0.8% percent 1,939 (2.48)
Nasdaq Composite Up 1.0% percent 4,686 (2.50)
30 Year Treasury Down (7) Basis Points 2.88 Annual Yield
Oil futures extended their drop, with crude mark trading below $30 a barrel for the first time since December 2003. February crude fell 3.7%, to $30.25 a barrel after dipping as low as $29.93. A global oil glut, concerns about the global economy, and a strengthening dollar have pushed crude’s slide into 2016. WTI futures have dropped more than 18% in the first six trading days of 2016.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/oil-futures-trade-below-30-a-barrel-for-first-time-since-2003-2016-01-12?link=MW_home_latest_news
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