The KUIK Closing Market Report for Friday, January 6:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
65
points
19,964
2:08 PM
S&P500
Up
0.4%
percent
2,277
7.98
Nasdaq Composite
Up
0.6%
percent
5,521
33.12
30 Year Treasury
Up
4
basis points
3.00
Annual Yield
The Obama administration said today that the U.S. must increase protection of the American semiconductor industry as a national-security imperative against a Chinese plan to dominate the sector. The recommendations made in a new report by the President’s Council of Advisors on Science and Technology are likely to lead to restrictions on Chinese investments in the U.S. semiconductor industry, which makes chips for everything from smartphones to military weapons. It recommends stronger export controls and stringent scrutiny of business deals in the sector by the Committee on Foreign Investment in the U.S.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
