| The KUIK Morning Market Report for Monday, January 14: | |||||||
| Markets opened down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (24) | points | 13,463 | 7:02 AM | ||
| S&P500 | Down | -0.3% | percent | 1,468 | (4.47) | points | |
| Nasdaq Composite | Down | -0.5% | percent | 3,110 | (15.01) | points | |
| 30 Year Treasury | Down | (3) | Basis Points | 3.02 | Annual Yield | ||
| Apple is hurting stocks. It is down 3% to $504.5 and briefly fell below $500 for the first time since February 2012 on reports it reduced orders for iPhone 5 parts due to sales being below expectations. | |||||||
| Treasury prices are up, pushing yields down, ahead of a speech by Federal Reserve Chairman Ben Bernanke this afternoon. Analysts expect Bernanke, in a speech at 1 pm.Pacific time, to push back against interpretations of the minutes from the last Federal Open Market Committee meeting that the Fed may end its bond purchases this year. | |||||||
| President Barack Obama will hold a press conference this morning at 8:15 a.m. Pacific Time. In addition to the showdown over the debt ceiling, Obama may be asked about measures to curb gun violence and immigration policy. A report in the New York Times on Sunday said Obama plans to push Congress to move quickly on an ambitious overhaul of the immigration system instead of a piecemeal approach favored by Republicans. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stocks-open-mostly-lower-as-apple-shares-fall-3-2013-01-14 | |||||||
| http://www.marketwatch.com/story/bonds-gain-ahead-of-bernanke-speech-2013-01-14-91031132 | |||||||
| http://www.marketwatch.com/economy-politics?link=MW_Nav_EP | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||