The KUIK Closing Market Report for Wednesday, November 8:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
6
points
23,563
2:43 PM
S&P500
Up
0.1%
percent
2,594
(0.49)
Nasdaq Composite
Up
0.3%
percent
6,789
30 Year Treasury
Up
2
basis points
2.78
Annual Yield
The Congressional Budget Office said the Tax Cut and Jobs Act written by House Republicans would increase the deficit by $1.7 trillion over a decade. The Joint Committee on Taxation had said it would cost $1.4 trillion—within the $1.5 trillion size the recently passed budget would require to meet Senate rules. The difference between the two projections is due to interest costs. The CBO said that by 2027, debt held by the public under current law would rise to 91.2% of GDP but the additional debt service would boost that to 97.1%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
