| The KUIK Morning Market Report for Wednesday, October 10: | |||||||
| Markets are mixed this morning. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (32) | points | 13,441 | 7:47 AM | ||
| S&P500 | Down | -0.1% | percent | 1,439 | (2.09) | points | |
| Nasdaq Composite | Down | -0.1% | percent | 3,063 | (1.68) | points | |
| 30 Year Treasury | Up | 2.0 | Basis Points | 3.03 | Annual Yield | ||
| European stock markets extended losses, as the International Monetary Fund warned of the impact of the euro-zone debt crisis. Banks in Britain were up on easier net capital rules. The Stoxx Europe 600 index dropped 0.3% to 269 after a 0.5% decline yesterday. | |||||||
| Apple, Oracle and Dell show small gains. Facebook and Zynga are in the news. Facebook shares are off 3% to $19.61 and Zynga is down by 2% to $2.38 a share. Facebook fell after Bloomberg reported that the company fought the Securities and Exchange Commission over releasing more information about risks in Facebook’s mobile-ad strategy prior to its IPO in May. Zynga dropped after Piper Jaffray analyst Michael Olson cut his rating on the online social-game company to neutral from outperform. | |||||||
| Walmart will be getting smaller. Wal-Mart U.S. will increase its small store openings, mostly in its Neighborhood Market formats. The company plans to open over 240 Neighborhood Market stores, under 50,000 square feet in size and open 12 of its new Walmart Express format, which are 10,000 to 15,000 square feet in size, by end of 2013. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/europe-stocks-wobble-in-early-action-banks-rise-2012-10-10 | |||||||
| http://www.marketwatch.com/story/apple-among-tech-gainers-facebook-zynga-in-red-2012-10-10 | |||||||
| http://www.marketwatch.com/story/walmart-us-to-accelerate-small-store-openings-2012-10-10?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||
| Shortlink-> | |||||||