The KUIK Closing Market Report for Wednesday, December 20:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(28)
points
24,727
2:29 PM
S&P500
Down
-0.1%
percent
2,679
(2.22)
Nasdaq Composite
Down
0.0%
percent
6,961
(2.89)
30 Year Treasury
Up
8
basis points
2.88
Annual Yield
The House of Representatives passed the Republican tax bill, sending it to President Trump for signature. It is the biggest overhaul of the U.S. tax code since 1986. It cuts the corporate rate to 21% while temporarily scaling back individual rates, throws out Obamacare’s individual insurance mandate, even opens part of an Alaskan wildlife refuge to oil and gas drilling. Democrats unanimously opposed the bill in both the House and Senate. The House had approved the bill Tuesday but was forced to revote after a procedural ruling.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
