The KUIK Morning Market Report for Friday, December 29:
Markets are flat.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(2)
points
24,836
7:11 AM
S&P500
Unchanged
0.0%
percent
2,688
(0.02)
Nasdaq Composite
Down
-0.1%
percent
6,942
(8.63)
30 Year Treasury
Unchanged
–
Basis Points
2.76
Annual Yield
The National Weather Service has updated extreme winter advisories for much of the northeast and midwestern U.S. prompting preparations in New York for its coldest New Year’s Eve in nearly 60 years. President Trump tweeted: "In the East, it could be the COLDEST New Year’s Eve on record. Perhaps we could use a little bit of that good old Global Warming that our Country, but not other countries, was going to pay TRILLIONS OF DOLLARS to protect against. Bundle up!" That has set twitter ablaze.
Gold futures are headed for their seventh-straight positive session, trading at 10-week highs to wrap up the final trading day of 2017. It is up about 13%. February gold is up 0.65% to $1,303.70 an ounce on the Comex. The dollar is weaker with the ICE U.S. Dollar Index off -0.43%, and trading at its lowest level in three months taking its 2017 loss to 9.7% for its biggest yearly drop since 2003.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
