| The KUIK Morning Market Report for Wednesday, June 24: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (67) | points | 18,077 | 6:58 AM | ||
| S&P500 | Down | -0.2% | percent | 2,121 | (3.32) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,154 | (6.11) | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.17 | Annual Yield | ||
| The Commerce Department repors the U.S. economy contracted by a revised 0.2% in the first quarter, a smaller drop than previously reported due to higher consumer spending and a lower drop in exports. The increase in consumer spending was revised to 2.1% from 1.8%. Overall private sector investment also rose a bit more, up 2.4% vs. a prior 0.7% estimate, owing to stronger spending on home construction and inventories. Inflation as measured by the Personal Consumption Expenditures price index fell at a 2% annual rate, but the core rate that excludes food and energy was up 0.8%. | |||||||
| Reuters reports the SEC is pursuing a group of hackers suspected of breaking into corporate email accounts to steal information for trading. The investigation and a parallel inquiry by the U.S. Secret Service were triggerd by a report in December by security company FireEye about a hacking group called “FIN4” that targeted FireEye’s clients. The hackers used social engineering to trick attorneys, executives and consultants into surrendering their user names and passwords via fake Microsoft Outlook login pages. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/first-quarter-gdp-revised-to-show-smaller-02-decline-2015-06-24 | |||||||
| http://www.marketwatch.com/story/sec-reportedly-chasing-hackers-looking-to-conduct-insider-trading-2015-06-24 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||