The KUIK Closing Market Report for Thursday, January 28:
Markets were up.
Index Direction Change Units Index Time Change
Dow Up 126 points 16,070 2:24 PM
S&P500 Up 0.6% percent 1,893 10.41
Nasdaq Composite Up 0.9% percent 4,507 38.51
30 Year Treasury Unchanged – Basis Points 2.79 Annual Yield
Amazon.com rerported fourth-quarter earnings after the close. Analysts forecast more than quadruple year-over-year growth in earnings per share on strong retail sales and growth of Amazon Web Services. The company hit below expectations with earning per share of $1, versus tconsensus estimate of $1.55. Analysts expected revenue of $35.9 billion and Amazon hit $35.7. Shares are off 12% to $557 in after hours trading.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
http://blogs.marketwatch.com/thetell/2016/01/28/amazon-earnings-expected-to-show-record-holiday-quarter-live-blog/
For today’s Closing Market Report click to listen->