| The KUIK Market Update for Friday, September 25: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 202 | points | 16,403 | 7:54 AM | ||
| S&P500 | Up | 0.8% | percent | 1,948 | 15.44 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,761 | 26.03 | ||
| 30 Year Treasury | Up | 7 | Basis Points | 2.97 | Annual Yield | ||
| Nike shares are up 9% to $125.18 and that is helping the Dow. It reported earnings yesterday after the close. World-wide orders of apparel and footwear for delivery from September 2015 through January 2016 improved 9% from a year earlier, including currency effects. That was below the 11% increase Nike reported a year ago but higher than the 2% growth projected last quarter. For the three months ended Aug. 31, revenue increased by 5.4% to $8.41 billion from $7.98 billion. Analysts polled by Thomson Reuters expected revenue growth of only 3% to $8.22 billion. | |||||||
| House Speaker John Boehner will leave Congress on October 30, an aide said Friday, in a shakeup of Republican leadership in Washington. The 65-year-old Ohio Republican has been fighting with members of his party, as the federal government heads toward a government shutdown next week. Congress has passed no funding bills for the fiscal year that begins Oct. 1, and without a stopgap bill, the government will partially shut down. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/china-sales-and-higher-prices-boost-nike-earnings-2015-09-24 | |||||||
| http://www.marketwatch.com/story/house-speaker-john-boehner-to-resign-from-congress-2015-09-25 | |||||||
| For today’s Market Update Report click to listen-> | |||||||