The KUIK Closing Market Report for Thursday, February 4:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 80 points 16,417 2:40 PM
S&P500 Up 0.2% percent 1,915 2.92
Nasdaq Composite Up 0.1% percent 4,510 5.32
30 Year Treasury Unchanged – Basis Points 2.70 Annual Yield
The White House announced that President Obama proposes a $10-a-barrel tax on oil to pay for clean transportation projects. The tax will be part of the budget request that the president will unveil next week. It would be paid for by oil companies and phased in over five years. It would add about 25 cents to the price of a gallon of gasoline at current prices and boost investments in clean transportation by 50% .
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/obama-proposing-10-a-barrel-oil-tax-to-pay-for-clean-transportation-2016-02-04?dist=afterbell
For today’s Closing Market Report click to listen->