| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Monday, April, 2 | ||||
| The week 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 | (0.70) | basis points | 3.338 |
| Groupon shares were up 1.5% to $15.50 in modest volume in after hours trading. The shares finished the regular session down 17% after the daily-deals company late Friday said problems were found in the way it reserved for customer refunds, resulting in lower revenue and earnings for the quarter. Sales for the period was cut by $14.3 million and net income was reduced by $22.6 million, or 4 cents a share. Groupon’s auditor attached a “material weakness” warning to Groupon’s annual report because of the issue, and two brokers downgraded Groupon’s shares. | ||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.Closing Market Report for April 2, 2012 | ||||