| The KUIK Morning Market Report for Wednesday, December 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (116) | points | 17,685 | 7:06 AM | ||
| S&P500 | Down | -0.6% | percent | 2,048 | (11.60) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,750 | (16.70) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 2.87 | Annual Yield | ||
| Crude oil futures continued their slide today as traders booked profits on recent gains as OPEC cut its demand outlook. January crude is off 1.9% to $62.61 a barrel on the New York Merc. OPEC forecasts that demand for its oil will drop to 28.9 million barrels a day in 2015, down from 29.4 million barrels a day in 2014. | |||||||
| Lawmakers reached an agreement last night on a $1.1 trillion spending bill to fund most of the government through September and avoid a shutdown. With funding set to run out Thursday at midnight, both the House and Senate are expected to quickly pass the measure that would finance nearly all of the government for the rest of its fiscal year. But there could procedural delays in the Senate. The bill would give Republicans flexibility without a looming budget deadline when they assume full control of Congress next year. GOP leaders’ decision to fund the Homeland Security Department only through February ensures they can take measures against President Obama’s plan to suspend deportations for millions of illegal immigrants without threatening to close the entire government. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/crude-oil-futures-lose-gains-as-traders-book-profits-2014-12-10-11035147 | |||||||
| http://www.marketwatch.com/story/us-lawmakers-agree-on-11-trillion-spending-bill-2014-12-10 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||