The KUIK Closing Market Report for Wednesday, October 25:
Markets are down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
-112
23329
points
2:49 PM
S&P500
Down
-0.5%
percent
2,557
(11.98)
Nasdaq Composite
Down
-0.5%
percent
6,564
(34.54)
30 Year Treasury
Up
3
basis points
2.95
Annual Yield
Legislation to fund Obamacare cost-sharing reduction payments would save the U.S. government $3.8 billion over a decade, according to the Congressional Budget Office. The CBO score may improve passage odds for the bipartisan legislation authored by Sens. Lamar Alexander, Republican from Tennessee Republican, and Patty Murray, Democrate from Washington. Besides funding cost-sharing-reduction payments to insurers, the legislation would make it easier for states to get innovation waivers and increase availability of catastropic plans with high deductibles.
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
