The KUIK Closing Market Report for Monday, February 1:
Markets were mixed.
Index Direction Change Units Index Time Change
Dow Down (17) points 16,449 4:36 PM
S&P500 Down 0.0% percent 1,939 (0.86)
Nasdaq Composite Up 0.1% percent 4,620 6.41
30 Year Treasury Up 2 Basis Points 2.78 Annual Yield
Consumer spending was unchanged in December as Americans mostly pocketed their income gains, but outlays in 2015 were the strongest in a decade. Americans bought fewer new cars and trucks last month, but they also spent less on gasoline and warm weather also held down heating and electricity bills. Aftertax income adjusted for inflation rose 3.5%, the fastest rate since 2006. The saving rate rose to 5.5% from 5.3% matching a three-year high. Inflation stayed low. The Personal Consumption index fell 0.1%.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/consumer-spending-goes-nowhere-in-december-2016-02-01?dist=lcountdown
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