| The KUIK Morning Market Report for Monday, July 22: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (20) | points | 15,523 | 7:07 AM | ||
| S&P500 | Down | -0.01% | percent | 1,692 | (0.25) | ||
| Nasdaq Composite | Up | 0.01% | percent | 3,588 | 0.46 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.54 | Annual Yield | ||
| McDonald’s fell in early trading after posting second-quarter profit and revenue that trailed analysts’ estimates and saying economic weakness would hurt results for the remainder of the year. Revenue rose 2.4 percent to $7.08 billion in the quarter, trailing analysts’ average estimate of $7.09 billion. | |||||||
| Treasury prices mostly rose Monday, extending a rise in U.S. government debt prices into a second week ahead of $99 billion worth of new supply. Federal Reserve Chairman Ben Bernanke said last week that the central bank wouldn’t scale back its bond purchases until the economy is ready, helping change market momentum, which had been adjusting to an expected wind-down of QE#. | |||||||
| The U.S. economy improved slightly in June, as the national activity index rose to negative 0.13 from negative 0.29 in May, according to the Chicago Fed. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-07-22/mcdonald-s-falls-as-revenue-trails-estimates.html | |||||||
| http://www.marketwatch.com/story/treasurys-rise-on-bernanke-tailwind-2013-07-22?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/national-activity-index-less-negative-in-june-2013-07-22 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||