| The KUIK Market Update for Thursday, June 12: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (66) | points | 16,778 | 7:59 AM | ||
| S&P500 | Down | -0.4% | percent | 1,936 | (7.72) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,314 | (18.36) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.46 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits last week rose slightly by 4,000 to 317,000, indicating a steadily improving U.S. labor market. Economists surveyed by MarketWatch expected a seasonally adjusted 310,000 . The government said continuing claims increased by 11,000 to a seasonally adjusted 2.61 million in the week ended May 31. | |||||||
| Ouch for Intel. The European Union’s top court today upheld a record $1.4 billion fine against the company for abusing its dominant position in the microprocessor market. The Luxembourg-based European Court of Justice threw out an appeal by the company, which argued that a 2009 decision by the EU to issue the biggest-ever antitrust fine against a single company was based on mistakes and ignored evidence. An investigation by the European Commission concluded that Intel sought to cut out rival Advanced Micro Devices by offering rebates to computer makers for using its chips. In its ruling, the court said rebates granted by Intel to Dell, HP, NEC , and Lenovo were “capable of restricting competition and foreclosing competitors from the market.” | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-weekly-jobless-claims-rise-by-4000-to-317000-2014-06-12 | |||||||
| http://www.marketwatch.com/story/intel-loses-appeal-against-record-143-billion-eu-fine-2014-06-12?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||