Closing Market Report 4/2/2012

This is Bill Roller of BR Capital with the KUIK Closing Market Ā  Report for Monday, April, 2
The week Ā  started with an up day.
Direction Change Units 0
Dow Up 52.45 points 13264.5
S&P500 Up 0.75% percent 1419.04
Nasdaq Composite Up 0.91% percent 3119.7
30 Year Treasury Down Ā Ā Ā Ā Ā Ā  Ā  (0.70) basis points 3.338
Groupon shares were up 1.5% to $15.50 in modest volume in after Ā  hours trading. The shares finished the regular session down 17% after the Ā  daily-deals company late Friday said problems were found in the way it Ā  reserved for customer refunds, resulting in lower revenue and earnings for Ā  the quarter. Sales for the period was cut by $14.3 million and net income was Ā  reduced by $22.6 million, or 4 cents a share. Groupon’s auditor attached a Ā  ā€œmaterial weaknessā€ warning to Groupon’s annual report because of the issue, Ā  and two brokers downgraded Groupon’s shares.
Always Ā  serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.Closing Market Report for April 2, 2012