| The KUIK Market Update for Monday, November 9: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (162) | points | 17,746 | 7:55 AM | ||
| S&P500 | Down | -0.9% | percent | 2,080 | (18.73) | ||
| Nasdaq Composite | Down | -0.8% | percent | 5,105 | (42.34) | ||
| 30 Year Treasury | Up | 4 | Basis Points | 3.13 | Annual Yield | ||
| The Organization for Economic Cooperation and Development says that lower oil prices and falling unemployment will bolster economic growth in the 34-nation group of developed economies, helping to offset the impact of a slowdown in emerging economies. In its semiannual economic forecasts, the OECD said that growth in the U.S. would hit 2.4% in 2017. It predicted the 19-nation eurozone would continue to lag behind the U.S., with growth at 1.5% this year, 1.8% in 2016. | |||||||
| Swedish mobile giant Ericsson announced a strategic partnership with Cisco that they expect to generate $1 billion in revenue for each of them by 2018. The global business and technology partnership will focus on creating the next generation networks. Shares of Juniper Networks are off 8%. Juniper and Ericsson were considered possible hookup partners. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/oecd-us-growth-to-stay-robust-eurozone-to-lag-2015-11-09 | |||||||
| http://www.marketwatch.com/story/ericsson-cisco-seal-strategic-network-partnership-2015-11-09 | |||||||
| For today’s Market Update Report click to listen-> | |||||||