| The KUIK Market Update for Friday, June 26: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 90 | points | 17,979 | 7:49 AM | ||
| S&P500 | Up | 0.1% | percent | 2,105 | 2.19 | ||
| Nasdaq Composite | Down | -0.3% | percent | 5,097 | (14.90) | ||
| 30 Year Treasury | Up | 6 | Basis Points | 3.22 | Annual Yield | ||
| Nike reported earnings after yesterday’s close. It said its sales rose 4.8% as it recorded revenue growth across most of its geographic markets and product lines during the quarter ended May 31. Continued pressure from a stronger dollar weighed on revenue growth and future orders. Revenue increased to $7.78 billion up from $7.43 billion a year earlier. Excluding the impact of a stronger dollar, sales improved 13%. Overall, Nike reported a profit of $865 million, or 98 cents a share, up from $698 million, or 78 cents a share, a year earlier. Analysts expected 83 cents. Nike shares are up 4.5% to $109.88 a share. | |||||||
| Consumer sentiment rose to a final June reading of 96.1, reaching a five-month high, rebounding from a drop in May, according to the University of Michigan Consumer sentiment index. Economists expected 94.6. Economists follow readings on confidence to look for clues about consumer spending. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nike-profit-sales-rise-above-expectations-2015-06-25 | |||||||
| http://www.marketwatch.com/story/umich-sentiment-reaches-five-month-high-in-june-reports-say-2015-06-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||