|
The KUIK Morning Market Report for Friday, February 9: |
|||||||
|
|
|||||||
|
Markets are down. |
|||||||
|
|
|||||||
|
Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
|
Dow Jones Industrial Average |
Up |
269 |
points |
24,121 |
7:10 AM |
||
|
S&P500 |
Up |
1.2% |
percent |
2,613 |
(1.99) |
||
|
Nasdaq Composite |
Up |
1.4% |
percent |
6,873 |
(2.34) |
||
|
30 Year Treasury |
Up |
2 |
Basis Points |
3.15 |
Annual Yield |
||
|
|
|||||||
|
The House of Representatives voted early this morning for a two-year budget deal. It raises both defense and domestic spending by about $300 billion and reopened the federal government after it shut down just past midnight Eastern time.It moves the the next vote on the debt limit until after November’s midterm elections. |
|||||||
|
New York Fed President William Dudley said Thursday that the drop in the stock market to date will not endanger the economic expansion, calling it “small potatoes,” in an interview on Bloomberg Television. But if the stock decline were to be much deeper and to be more persistent, it could impact households’ and businesses’ spending behavior and curb growth. Dudley, who has a vote on the Fed’s interest-rate committee, said that three rate hikes of a quarter-point each in 2018 remained “a very reasonable projection.” |
|||||||
|
|
|||||||
|
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. |
|||||||
|
www.marketwatch.com/story/senate-passes-budget-deal-as-government-remains-shut-down-2018-02-09 |
|||||||
|
www.marketwatch.com/story/feds-dudley-says-drop-in-stocks-is-small-potatoes-2018-02-08 |
|||||||
|
For today’s Morning Market Report click to listen-> |
|
||||||