Market Update Report 2/7/2018

The KUIK Market Update for Wednesday, February 7:

Markets are up.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Up

                   248

 points

          25,157

7:58 AM

S&P500

Up

0.7%

percent

            2,714

     (1.99)

Nasdaq Composite

Up

0.4%

percent

            7,142

     (2.34)

30 Year Treasury

Up

                      2

Basis Points

              3.06

Annual Yield

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.

Shares in Castle Rock, Colo.-based Riot Blockchain are up 22.23% to $15,82 a shared. The company announced a deal to acquire Logical Brokerage Corp., a Miami-based cryptocurrency trading firm. Last October Riot changed its name from Biopix and shifted its focus to digital assets from biotech. It says the deal will help them focus on digital currency trading. It didn’t announce terms of the transaction.

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www.marketwatch.com/story/house-passes-temporary-spending-bill-to-avoid-shutdown-2018-02-06

www.marketwatch.com/story/riot-blockchains-stock-jumps-as-company-set-to-acquire-digital-currency-exchange-2018-02-07?dist=markets

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