| This is Bill Roller of BR Capital with the KUIK Closing Market Report for Thursday, May, 17 | |||||||
| Markets had a big down today. | |||||||
| Direction | Change | Units | |||||
| Dow | Down | (156) | points | 12,442 | 1:20 PM | ||
| S&P500 | Down | -1.51% | percent | 1,305 | |||
| Nasdaq Composite | Down | -2.10% | percent | 2,814 | |||
| 30 Year Treasury | Down | (10.1) | basis points | 2.81 | |||
| Hewlett-Packard resisted the sell-off across the rest of the tech sector, as news leaked that the company plans to cut as many as 30,000 jobs. The plan will be announced as part of the company’s earnings report scheduled for next Wednesday, May 23. | |||||||
| Fitch Ratings downgraded Greece’s government debt to CCC from B- due to the risk that Greece will exit the European Union. The strong showing of political parties opposing austerity in the recent election and the failure of the parties to form a government underscores the lack of national support for the bailout. | |||||||
| Always serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/apple-h-p-cisco-lead-tech-retreat-2012-05-17?dist=afterbell | |||||||
| http://www.marketwatch.com/story/fitch-cuts-greece-to-ccc-on-possible-emu-exit-2012-05-17 | |||||||
| For today’s Closing Market Report click to listen-> | https://beaconrwa.com/audio/Closing-Market-Report.mp3 | ||||||
| Short Link> | http://wp.me/p2lo3H-l2 | ||||||