The KUIK Closing Market Report for Wednesday, July 1: |
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Markets were up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
|
Dow |
Up |
138 |
points |
17,758 |
2:45 PM |
|
|
S&P500 |
Up |
0.7% |
percent |
2,077 |
|
14.31 |
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Nasdaq Composite |
Up |
0.5% |
percent |
5,013 |
|
26.26 |
|
30 Year Treasury |
Up |
10 |
Basis Points |
3.20 |
Annual Yield |
|
|
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The iPhone continues to be the breadwinner for Apple, but “Anecdotal evidence suggests Apple Watch demand is slowing quickly” according to Portland’s Pacific Crest Securities analyst Andy Hargreaves. The brokerage reduced its fiscal 2015 watch unit estimate to 10.5 million from 11 and cut its 2016 estimate to 21 million from 24. Shares of Apple closed today up 0.9% to $126.52 a share. |
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Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. |
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http://www.marketwatch.com/story/apple-watch-demand-slowing-quickly-2015-07-01 |
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For today’s Closing Market Report click to listen-> |
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