The KUIK Closing Market Report for Friday, December 19: |
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Markets were up. |
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Direction |
Change |
Units |
Last |
Time |
Change |
|
Dow |
Up |
27 |
points |
17,805 |
3:57 PM |
|
|
S&P500 |
Up |
0.5% |
percent |
2,071 |
|
9.42 |
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Nasdaq Composite |
Up |
0.4% |
percent |
4,765 |
|
16.98 |
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30 Year Treasury |
Down |
(4) |
Basis Points |
2.77 |
Annual Yield |
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|
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Even though prices are down, oil can’t catch a break from homeowners who are willing to spend thousands of dollars converting their heating systems to natural gas. Heating oil has been losing market share to natural gas, electricity and other heat sources for years. Only 6% of U.S. homes used oil heat in 2012. But in the chilly Northeastern states, oil warms about 25% of all homes. |
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Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/cheap-oil-who-cares-homeowners-prefer-natural-gas-2014-12-18 |
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For today’s Closing Market Report click to listen-> |
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