The KUIK Closing Market Report for Monday, June 12:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(36)
points
21,236
1:35 PM
S&P500
Down
-0.1%
percent
2,429
(2.38)
Nasdaq Composite
Down
-0.5%
percent
6,175
(32.45)
30 Year Treasury
Up
2
basis points
2.87
Annual Yield
The Treasury Department reports the federal government ran a budget deficit of $88 billion in May, up from $53 billion in May 2016. Spending was $329 billion in the month, compared to $277 billion in May 2016 and receipts were $240 billion, up from $225 billion . The monthly deficit would have been narrower if not for an additional Wednesday in May 2017 and a shift of timing of benefits. For the fiscal year to date, which runs October through September, the deficit is up 7%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
