| The KUIK Morning Market Report for Wednesday, January 22: | |||||||
| Markets opened mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (13) | points | 16,401 | 7:08 AM | ||
| S&P500 | Up | 0.06% | percent | 1,845 | 1.04 | ||
| Nasdaq Composite | Up | 0.16% | percent | 4,232 | 6.69 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.75 | 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. | |||||||
| Morgan Stanley cut its gold targets for the next two years, with the bank’s analysts saying strength in stocks as well as regulatory pressures will hurt prices. The bank reduced its 2014 gold forecast by 11.6% to $1,160 an ounce and dropped its 2015 target by 12.5% to $1,138 an ounce. | |||||||
| 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/gold-futures-push-back-from-losses-2014-01-21?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||