| The KUIK Morning Market Report for Friday, June 26: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 76 | points | 17,966 | 7:02 AM | ||
| S&P500 | Up | 0.2% | percent | 2,107 | 4.47 | ||
| Nasdaq Composite | Up | 0.2% | percent | 5,121 | 8.41 | ||
| 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. | |||||||
| China’s stock markets plunged toward bear territory Friday, a sharp turnaround after a year of strong gains. The Shanghai Composite Index fell 7.4% to 4,192.87, after a 13% loss last week. | |||||||
| 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/china-shares-fall-as-stimulus-hopes-wane-startups-look-expensive-2015-06-26 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||