| The KUIK Market Update for Monday, August 11: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 40 | points | 16,594 | 7:52 AM | ||
| S&P500 | Up | 0.5% | percent | 1,941 | 9.13 | ||
| Nasdaq Composite | Up | 0.8% | percent | 4,405 | 33.98 | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.24 | Annual Yield | ||
| European stocks were up, as Russia indicates it will work to ease tensions with Ukraine. The Stoxx Europe 600 climbed 1.2% to 328.91, cutting into last week’s 2.1% slide. Russia’s MICEX index climbed 1.9%. | |||||||
| Japan stocks jumped the most in nearly four months, recovering some of their losses from the end of last week. The Nikkei Average climbed 2.4%, marking its biggest daily percentage increase since mid-April. The index was down 3% on Friday. | |||||||
| There’s a better-than-50% chance that Republicans will take over the Senate this election season, with the retirement of several key Democratic incumbents and the GOP beating back the tea party elsewhere, among other factors, according to a weekend Washington Post report. A Politico story says that campaigning Democrats are trying to sound more conservative this election season, even in blue states. Faced with a treacherous political environment, many Democrats are trotting out campaign ads that call for balanced budgets, tax cuts and other more traditionally GOP positions. Some of them are running in congressional districts that just two years ago broke sharply for President Obama. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/europe-stocks-rise-as-ukraine-tensions-ease-2014-08-11?link=MW_Nav_EP | |||||||
| http://www.marketwatch.com/story/japan-stocks-notch-biggest-gain-in-four-months-2014-08-11 | |||||||
| http://blogs.marketwatch.com/capitolreport/2014/08/11/kurdish-forces-receiving-arms-from-the-u-s/ | |||||||
| For today’s Market Update Report click to listen-> | |||||||