Closing Market Report 5/8/2017

May 8, 2017
The KUIK Closing Market Report for Monday, May 8:
 
Markets were slightly up.
 
Index Direction Change Units Index Time Change  
Dow Up                       5 points         21,012 6:49 AM    
S&P500 Unchanged 0.0% percent           2,399          0.09  
Nasdaq Composite Up                   1.90 percent           6,103          1.90  
30 Year Treasury Up                       2 basis points            3.01 Annual Yield    
 
Demand for bank loans from commercial and industrial firms was weaker in the first quarter. That came in a quarter when standards for business loans were basically unchanged. There was also weaker demand for auto loans and credit cards. There was a modest tightening of standards for auto loans while standards for credit-card loans were eased slightly.
 
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/business-demand-for-bank-loans-was-weaker-in-the-first-quarter-fed-survey-finds-2017-05-08
 
 
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