Market Update Report 1/4/2017

The KUIK Market Update for Wednesday, January 4:
 
Markets are up.
 
Index Direction Change Units   Time    
Dow Up                     28  points            19,911 8:13 AM    
S&P500 Up 0.4% percent             2,267      
Nasdaq Composite Up 0.6% percent             5,464      
30 Year Treasury Unchanged                      –   Basis Points               3.05 Annual Yield    
 
Wikileaks founder Julian Assange told Sean Hannity of Fox News in an interview aired last night that  Hillary Clinton campaign chairman John Podesta’s password on his email  account was the word “password.” Assange did not say if it included a capital letter or a punctuation mark.
 
U.S. auto sales hit a record in 2016, as the industry uses more incentives to encourage Americans to buy vehicles. Auto sales reached 17.5 million last year, according to General Motors as it reported its own strong December, with 10% increase in sales Chrysler had a 10% drop, and Ford had a 0.3% gain. Ford estimates industry sales reached 17.8 million. Motor vehicle loans rose to a record $1.1 trillion in the third quarter, but the subprime auto loan delinquency rate has been on the rise.
 
The U.S. dollar is down against its major rivals this morning, pulling back from a 14-year high as investors wait for the  minutes from the Federal Reserve’s December meeting where the Fed raised interest rates for only the second time in a decade. 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/assange-tells-hannity-that-podestas-password-was-um-password-2017-01-04
http://www.marketwatch.com/story/jay-clayton-said-to-be-top-contender-for-trumps-sec-chief-2017-01-03
http://www.marketwatch.com/story/dollar-retreats-from-14-year-high-ahead-of-fed-minutes-2017-01-04?dist=markets
 
 
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