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The KUIK Market Update for Wednesday, January 24: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
156 |
points |
26,367 |
8:09 AM |
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S&P500 |
Up |
0.3% |
percent |
2,849 |
1.01 |
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Nasdaq Composite |
Up |
0.1% |
percent |
7,467 |
8.49 |
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30 Year Treasury |
Up |
5 |
Basis Points |
2.95 |
Annual Yield |
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A bipartisan immigration proposal is “totally unacceptable” to President Trump and “should be declared dead on arrival,” the White House said Tuesday, reaffirming a hard line on the issue that has become entangled with funding the government. The proposed legislation by GOP Sens. Jeff Flake of Arizona and Lindsey Graham of South Carolina, along with Democrat Dick Durbin of Illinois, was criticized by press secretary Sarah Huckabee Sanders. The bill doesn’t meet benchmarks set by the president which include border-security funding and ending to the visa lottery program and family-based immigration in exchange for not deporting Dreamers. |
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The National Associaton of Realtors reports sales of existing homes ran at a 5.57 million seasonally adjusted annual rate in December. But economists expected a 5.73 million annual rate. Sales fell as an ongoing inventory crunch worsened. They were down 3.6% for the month, though up 1.1% compared to a year ago November was revised down to 5.78 million annually. Sales for all of 2017 were just 1.1% higher than in 2016, but it was the best year since 2006. |
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Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. |
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[category Market Updates] [tags audio,KUIK] |
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For today’s Market Update Report click to listen-> |
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