Closing Market Report 11/16/2017

The KUIK Closing Market Report for Thursday, November 16:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 187 points 23,458 2:41 PM
S&P500 Up 0.8% percent 2,586 (0.49)
Nasdaq Composite Up 1.3% percent 6,793
30 Year Treasury Up 3 basis points 2.81 Annual Yield
The House of Representatives passed its version of a tax overhaul, advancing a key Republican priority. The Tax Cuts and Jobs Act, would cut the corporate rate to 20%; set up four tax brackets; and switch the U.S. to a territorial tax system. House passage is just one step. The Senate Finance Committee is working on a separate measure that differs among other things by repealing Obamacare’s individual insurance mandate. The House and Senate must agree on a single measure before sending it to President Donald Trump. The House bill passed 227 to 205.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
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