The KUIK Closing Market Report for Wednesday, December 27:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
28
points
24,774
3:10 PM
S&P500
Up
0.1%
percent
2,683
Nasdaq Composite
Up
0.1%
percent
6,939
30 Year Treasury
Down
(7)
basis points
2.75
Annual Yield
Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the new tax law take effect January 1. The new legislation, which President Trump signed into law last week, caps at $10,000 the amount of state and local taxes that filers can deduct from their federal tax bill. That means those whose tax bills regularly exceed that amount could benefit by paying more tax in 2017, when the deduction has no limit.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
