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The KUIK Morning Market Report for Wednesday, February 7: |
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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 |
198 |
points |
25,111 |
7:19 AM |
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S&P500 |
Up |
0.6% |
percent |
2,712 |
(1.99) |
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Nasdaq Composite |
Up |
0.2% |
percent |
7,131 |
(2.34) |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.06 |
Annual Yield |
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House Republicans passed a temporary spending bill late Tuesday in an effort to prevent another government shutdown at midnight Thursday. The bill passed 245-182. It would fund the military through September and the rest of the government for another six weeks. It includes funding for two years of community health programs, but does not include a plan to resolve DACA or to fund a border wall. The Senate is expected to make major change. Senate leaders are reportedly seeking a two-year spending bill that would increase military spending by $80 billion a year. |
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April gold fell 0.3%, to $1,326.20 an ounce. A close here would be the lowest price for the contract in over three weeks. Gold as a safe haven gold has not drawn much interest in the wake of higer volatility of stocks. The ICE Dollar Index is up 0.2% to 89.85. It hit a three-year low last week. |
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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. |
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www.marketwatch.com/story/house-passes-temporary-spending-bill-to-avoid-shutdown-2018-02-06 |
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www.marketwatch.com/story/gold-extends-drop-nears-lowest-in-almost-a-month-2018-02-07?dist=markets |
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For today’s Morning Market Report click to listen-> |
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