Closing Market Report 2/7/2014

The KUIK Closing Market Report for Friday, February 7:
Markets were up strongly.
Direction Change Units  Last  Time Change
Dow Up                    166 points           15,794 2:09 PM
S&P500 Up 1.33% percent             1,797      23.59
Nasdaq Composite Up 1.69% percent             4,126      68.74
30 Year Treasury Down                      (1) Basis Points               3.67 Annual Yield
Extraordinary measures to enable the U.S. to keep borrowing aren’t likely to last past Feb. 27, according to Treasury Secretary Jacob Lew in a letter today to House Speaker John Boehner. Today was the last day of suspension of the debt ceiling. In his letter to Ohio Republican Boehner, Lew once again urged Congress to raise the U.S. borrowing limit as quickly as possible.
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/borrowing-authority-may-not-last-past-feb-27-lew-2014-02-07
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