The KUIK Closing Market Report for Friday, June 16:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
24
points
21,384
2:44 PM
S&P500
Up
0.0%
percent
2,433
0.69
Nasdaq Composite
Down
-0.2%
percent
6,152
(13.74)
30 Year Treasury
Down
(1)
basis points
2.78
Annual Yield
General Motors announced today it will open a supplier park near its Arlington, Texas, sport-utility factory. That mean relocating about 600 jobs from Mexico to the U.S. and a higher concentration of American-made parts in Chevrolet Suburbans and Cadillac Escalades. The move comes as the Trump administration considers changes to the North American Free Trade Agreement and Republican lawmakers weigh a border-adjusted tax. Both of those could make it more expensive for companies to import parts.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
