| The KUIK Market Update for Friday, February 21: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 40 | points | 16,173 | 7:58 AM | ||
| S&P500 | Up | 0.28% | percent | 1,845 | 5.24 | ||
| Nasdaq Composite | Up | 0.35% | percent | 4,283 | 15.05 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.72 | Annual Yield | ||
| Marketwatch reports that President Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to a Pensions & Investments report. The president also wants to limit the value of all tax deductions, defined contribution exclusions, and IRA deductions to 28% of income, as well include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue | |||||||
| March natural gas was last down almost a penny at $6.05 per million British thermal units on the New York Merc. For the week, prices are up 16% as U.S. forecasts for more cold weather raised worries about supplies. April crude oil fell 0.1% to settle at $102.75 a barrel on the Nymex after the Energy Information Administration said crude supplies rose 1 million barrels for last week. Analysts polled by Platts expected a climb of 1.9 million barrels. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/obama-plan-cut-tax-breaks-for-rich-retirement-savers-2014-02-21 | |||||||
| http://www.marketwatch.com/story/natural-gas-rebounds-on-cold-us-weather-forecast-2014-02-21?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||