The KUIK Closing Market Report for Monday, August 7:
Markets ended up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
26
points
22,118
2:43 PM
S&P500
Up
0.2%
percent
2,481
4.08
Nasdaq Composite
Up
0.5%
percent
6,384
32.21
30 Year Treasury
Unchanged
–
basis points
2.84
Annual Yield
The Federal Reserve reports total consumer credit increased $12.4 billion in June to a record seasonally adjusted $3.86 trillion. That’s an annual growth rate of 3.9%, down from a revised $18.3 billion gain in May, which was the strongest rate in six months. Consumer borrowing slowed a bit in the second quarter as a whole, continuing a trend in place since last fall. Credit rose 4.5% annually during the second quarter, down from the 5% pace in the first quarter.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
