The KUIK Closing Market Report for Friday, September 8:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
13
points
21,798
2:26 PM
S&P500
Down
-0.2%
percent
2,461
(3.67)
Nasdaq Composite
Down
-0.6%
percent
6,360
(37.68)
30 Year Treasury
Unchanged
–
basis points
2.68
Annual Yield
The House of Representatives passed legislation extending the U.S. debt limit and government funding through Dec. 8. The bill has already been approved by the Senate, and now goes to President Trump for signature. It also contains $15.2 billion in disaster aid to help with recovery efforts after Hurricane Harvey, and anticipated damage from Hurricane Irma, now bearing down on Florida. Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney pressed Republicans to vote for the deal, but 90 voted against it. House conservatives were reportedly angry the debt-limit extension wasn’t coupled with spending cuts.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
