The KUIK Closing Market Report for Tuesday, December 19:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(37)
points
24,755
2:56 PM
S&P500
Down
-0.3%
percent
2,681
(1.26)
Nasdaq Composite
Down
-0.4%
percent
6,964
13.48
30 Year Treasury
Up
8
basis points
2.82
Annual Yield
The ICE U.S. Dollar Index DXY, a measure of the U.S. dollar against six others, fell 0.26%. Expectations the tax package would spur the return of funds held abroad by major corporations and stir up stronger economic growth are viewed as dollar friendly. But traders are also worried about the fiscal impact. The House, as expected, passed the legislation today, but it needs a do-over to incorporate three changes from the Senate after its vote.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
