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The KUIK Closing Market Report for Thursday, February 8: |
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Markets had a big down day. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow |
Down |
(1,033) |
points |
23,860 |
2:24 PM |
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S&P500 |
Down |
-3.8% |
percent |
2,581 |
1.38 |
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Nasdaq Composite |
Down |
-3.9% |
percent |
6,777 |
9.00 |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.14 |
Annual Yield |
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Marketwatch reports that the nomination of Carnegie Mellon University Professor Marvin Goodfriend to become a member of the Federal Reserve Board of Governors could be in trouble. Democrats have unified in opposition to Goodfriend, fearing he will push the post-Janet Yellen Fed to be too tough on inflation rather than helping create conditions to foster jobs for unemployed workers. |
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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/trumps-fed-pick-in-danger-of-being-rejected-by-senate-2018-02-08 |
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For today’s Closing Market Report click to listen-> |
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