| The KUIK Market Update for Wednesday, August 13: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 40 | points | 16,601 | 7:54 AM | ||
| S&P500 | Up | 0.4% | percent | 1,941 | 7.55 | ||
| Nasdaq Composite | Up | 0.7% | percent | 4,420 | 30.53 | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.26 | Annual Yield | ||
| U.S. oil supplies rose by 1.4 million barrels in the week ended Aug. 8, according to the Energy Information Administration. Supplies were expected to fall by 2 million barrels, according to analysts surveyed by Platts. Supplies of gasoline decreased by 1.2 million barrel better than expected. Analysts predicted a 1.5 million drop. September crude is off 0.4% to $96.92 a barrel on the New York Merc. | |||||||
| Amazon.com has launched a new mobile payment service for businesses to process credit and debit card transactions from a smartphone or tablet. Amazon Local Register users will download an app and attach a card reader provided by Amazon to their mobile device. The service is direct competition to Square. Users who sign up before Oct. 31 will receive a promotional transaction rate of 1.75% on swiped transactions until January 1, 2016. After that, users will pay a flat rate of 2.5% on all swiped transactions. Shares of Amazon are up 3.7% to $330.96 a share. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oil-futures-fall-further-on-surprise-supply-increase-2014-08-13?link=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/amazon-unveils-mobile-payment-service-2014-08-13 | |||||||
| For today’s Market Update Report click to listen-> | |||||||