| The KUIK Morning Market Report for Thursday, April 9: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (9) | points | 17,900 | 7:08 AM | ||
| S&P500 | Up | 0.0% | percent | 2,082 | 0.37 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,955 | 4.55 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 2.54 | Annual Yield | ||
| Global information technology spending will shrink 1.3% to $3.66 trillion in 2015 due to a strong dollar, slowing PC sales, and a continued switch to software-as-a-service, according to research firm Gartner in its latest quarterly forecast. That’s a downward revision from last quarter’s prediction of 2.4% growth, mostly due to the dollar’s rise. In constant currency terms, spending is actually expected to grow 3.1% this year, off 0.6% from last quarter’s estimate. Companies are holding onto their hardware and operating systems for longer, while buying Software as aService add-ons like Office 365 to take advantage of new features. | |||||||
| The Stoxx Europe 600 rose 0.4% to 406.12, as all sectors advanced, led by telecomm, consumer goods, and utilities. The index was above 405.50, its record closing high hit on March 6, 2000. Stocks have benefited from the European Central Bank’s massive debt-purchase program, launched March 9. Stocks found support as data showed exports in Germany, Europe’s largest economy, rose 1.5% in February, compared with January, when they dropped 2.1%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/gartner-expects-global-it-spending-to-shrink-13-in-2015-2015-04-09 | |||||||
| http://www.marketwatch.com/story/european-stocks-on-track-to-break-record-for-closing-high-2015-04-09 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||