| The KUIK Market Update for Monday, July 6: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (39) | points | 17,692 | 7:42 AM | ||
| S&P500 | Down | -0.2% | percent | 2,073 | (3.55) | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,006 | (3.36) | ||
| 30 Year Treasury | Down | (7) | Basis Points | 3.12 | Annual Yield | ||
| Yesterday 61% of Greeks voted against their international creditors’ conditions for further bailout aid, adding to uncertainty around the country’s eurozone membership and heightening risks of market contagion. The euro was down 0.8% against the dollar, 0.7% against the pound, and -0.53% against the yen. The euro fell to its lowest level against the dollar in about a month after the referendum’s results were announced, but quickly trimmed its losses. The moves were similar to last Monday’s session, which followed the Greek government’s surprise announcement of the referendum. | |||||||
| The Institute for Supply Management reports growth in U.S. services and other non-manufacturing companies picked up in June. The ISM services index was 56% in June, compared with 55% expected by economists and up from May’s 55.7%. Readings over 50% indicate overall expansion. New orders and production increased while employment fell. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/euro-falls-against-rivals-as-greek-voters-reject-austerity-demands-2015-07-06 | |||||||
| http://www.marketwatch.com/story/ism-services-index-comes-in-at-56-for-june-above-forecast-2015-07-06?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||