| The KUIK Morning Market Report for Monday, May 4: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 100 | points | 18,124 | 7:00 AM | ||
| S&P500 | Up | 0.6% | percent | 2,120 | 11.54 | ||
| Nasdaq Composite | Up | 0.7% | percent | 5,040 | 34.20 | ||
| 30 Year Treasury | Down | (2) | Basis Points | 2.81 | Annual Yield | ||
| European stocks rose today, recovering from one of the worst weeks in months, supported by robust manufacturing data across the region. Germany’s DAX 30 and France’s CAC 40 opened lower but traded up 1.4% and 1.1% respectively. Data firm Markit surveys more than 3,000 manufacturers across the eurozone, said its purchasing managers index was at 52.0 for April, down from 52.2 in March, but still higher than the 51.9 previously estimated. | |||||||
| Cisco Systems announced today that John Chambers will step down as chief executive officer after 20 years, effective July 26. He will remain on the board, and will assume the role of executive chairman. The networking giant will appoint 17-year company veteran Chuck Robbins as the new CEO on July 26. He was most recently senior vice president of worldwide operations. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-edge-lower-with-uk-market-closed-2015-05-04 | |||||||
| http://www.marketwatch.com/story/ciscos-john-chamber-to-relinquish-ceo-role-in-july-2015-05-04 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||