The KUIK Morning Market Report for Tuesday, February 6: |
|||||||
|
|||||||
Markets are up. |
|||||||
|
|||||||
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
Dow Jones Industrial Average |
Up |
58 |
points |
24,404 |
7:04 AM |
||
S&P500 |
Up |
0.8% |
percent |
2,673 |
(1.99) |
||
Nasdaq Composite |
Up |
0.6% |
percent |
7,006 |
(2.34) |
||
30 Year Treasury |
Down |
(1) |
Basis Points |
3.06 |
Annual Yield |
||
|
|||||||
The Commerce Department reports the U.S. trade deficit in December and for the full year both rose to the highest levels since 2008. The deficit in December rose 5.3% to $53.1 billion. Economists expected $52.2 billion. Imports increased 2.5% to a record $256.5 billion while exports rose 1.8% to $203.4 billion, also a record. For all of 2017, the trade gap was up 12.1% to $566 billion. |
|||||||
Idaho Republican Michael Crapo and Sherrod Brown, a Democrat from Ohio, will hold a Senate Banking Committee hearing today to examine SEC and CFTC oversight of virtual currencies. The SEC’s Jay Clayton and CFTC’s Christopher Giancarlo teamed up in an op-ed in The Wall Street Journal, give their views on regulation of blockchain initiatives, cryptocurrencies and initial coin offerings. |
|||||||
|
|||||||
Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
|||||||
For today’s Morning Market Report click to listen-> |
|