Closing Market Report 5/5/2017

May 5, 2017
The KUIK Closing Market Report for Friday, May 5:
 
Markets were up.
 
Index Direction Change Units Index Time Change  
Dow Up                     54 points         21,005 4:50 PM    
S&P500 Up 0.4% percent           2,399          9.77  
Nasdaq Composite Up 0.4% percent           6,101        25.42  
30 Year Treasury Down                      (1) basis points            2.99 Annual Yield    
 
Consumer borrowing rose solidly in March, according to data released Friday, suggesting the consumer has not completely retrenched. Total consumer credit for February and March combined increased $29.8 billion versus expectations of $28.2 billion. The Fed said earlier this week that the slump in first quarter growth was temporary.
 
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/us-consumer-credit-jumps-164-billion-in-march-2017-05-05
 
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