| The KUIK Morning Market Report for Friday, July 18: | |||||||
| Markets are up after yesterdays down day. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 37 | points | 17,014 | 7:05 AM | ||
| S&P500 | Up | 0.4% | percent | 1,965 | 7.14 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,390 | 26.16 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.28 | Annual Yield | ||
| Russian stocks continue their week-long slump a day after a Malaysia Airlines passenger jet was reportedly shot down by a Russian made surface-to-air missile in eastern Ukraine. Russia’s blue-chip MICEX index fell 1.8%, adding to a 2.3% loss from yesterday. The index is off 5.7% for the week, on track for the biggest weekly decline since mid-March, when the Ukraine region of Crimea voted in favor of joining Russia. The broader RTS index fell 2.2% for an 8.1% drop for the week. | |||||||
| Consumer sentiment fell to a preliminary July reading of 81.3, hitting a four-month low, from a final June level of 82.5, according to a the University of Michigan and Thomson Reuters. Economists expected a July read of 83, supported by a strengthening labor market. | |||||||
| Gold had a big up day yesterday on safe haven buying on that Malaysia Airlines crash on safe haven buying, but it is now selling off. August gold is off 0.4%, to $1,311.80 an ounce, after a 1.3% gain yesterday. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/russian-stocks-slide-for-fifth-day-after-mh17-crash-2014-07-18?dist=markets | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-falls-in-july-report-2014-07-18?link=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/gold-fails-to-hold-onto-safe-haven-gains-2014-07-18?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||