| The KUIK Market Update for Tuesday, August 20: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 35 | points | 15,048 | 7:48 AM | ||
| S&P500 | Up | 0.45% | percent | 1,654 | 7.48 | ||
| Nasdaq Composite | Up | 0.61% | percent | 3,611 | 21.95 | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.86 | Annual Yield | ||
| Retailers are helping the stock market this morning. Best Buy shares jumped 15% after the consumer electronics retailer said second-quarter earnings rose from the year-earlier period. Analysts expected a drop. Home Depot reported a 17.2% rise in net earnings to $1.24 a share, which beat forecasts. It posted a sales gain of 9.5% and an 11.4% rise in comparable sales in the U.S. alone. | |||||||
| European stock markets dropped, with investors cautious of placing any new positions ahead of the release of minutes from the latest U.S. Federal Reserve meeting, due tomorrow. The Stoxx Europe 600 index dropped 1% to 301.70, on track for the lowest close in August. | |||||||
| The national activity index produced by the Chicago Fed rose to a negative 0.15 reading in July from negative 0.23 in June. The index is a weighted average of 85 different economic indicators. Readings below negative 0.70 indicate a recession probably has begun. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/stock-futures-fall-after-emerging-markets-rout-2013-08-20 | |||||||
| http://www.marketwatch.com/story/europe-stocks-slump-with-all-eyes-on-us-fed-2013-08-20 | |||||||
| http://www.marketwatch.com/story/national-activity-index-less-negative-in-july-2013-08-20 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||