The KUIK Closing Market Report for Tuesday, November 7:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
9
points
23,557
1:26 PM
S&P500
Down
0.0%
percent
2,591
(0.49)
Nasdaq Composite
Down
-0.3%
percent
6,786
30 Year Treasury
Down
(3)
basis points
2.77
Annual Yield
Consumer borrowing surged in September by the largest amount in almost a year after slowing in August, according to the Federal Reserve. Total consumer credit increased $20.8 billion in September to a record seasonally adjusted $3.79 trillion, posting an annual growth rate of 6.6%. This is up from a $13.1 billion gain in August. Economists expected only $17.4 billion. For the third quarter, consumer credit rose 5.5% annually, down from the 6.7% for all of 2016.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
