| The KUIK Market Update for Wednesday, January 22: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (50) | points | 16,365 | 7:20 AM | ||
| S&P500 | Down | -0.07% | percent | 1,843 | (1.24) | ||
| Nasdaq Composite | Up | 0.07% | percent | 4,229 | 2.82 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.74 | Annual Yield | ||
| Investors are looking at earnings from Coach and IBM. Coach, the largest U.S. luxury handbag maker, fell 7.9 percent after sales missed analysts’ estimates. IBM slid 4.6 percent as revenue declined for a seventh consecutive quarter on weaker demand for servers. | |||||||
| Treasury prices fell slightly, as improving economic data overseas pushed the value of the dollar lower, and yields higher. The U.K. jobless rate fell to 7.1%, nearing the 7% mark where the Bank of England would consider hiking key interest rates. Consumer prices in Australia rose 0.8% last quarter and 2.7% in the past year, faster than economists had forecast and reducing expectations of another cut in interest rates there. | |||||||
| Oil futures extended gain, as investors wait for U.S. crude inventory data and the scheduled start-up of TransCanada’s Gulf Coast Pipeline. Natural-gas prices saw a sharp jump in the wake of a major snowstorm on the East Coast. March Crude rose 0.5%, to $95.42 a barrel in electronic trading while February natural gas rose 1.6%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2014-01-22/u-s-stock-index-futures-are-little-changed-ibm-declines.html | |||||||
| http://www.marketwatch.com/story/treasurys-slide-amid-economic-growth-abroad-2014-01-22?dist=markets | |||||||
| http://www.marketwatch.com/story/oil-on-the-rise-natural-gas-jumps-in-wake-of-storm-2014-01-22 | |||||||
| For today’s Market Update Report click to listen-> | |||||||