The KUIK Morning Market Report for Thursday, January 28:
Markets are up.
Index Direction Change Units Time
Dow Up 89 points 16,032 7:04 AM
S&P500 Up 0.6% percent 1,894
Nasdaq Composite Up 0.7% percent 4,498
30 Year Treasury Up 2 Basis Points 2.81 Annual Yield
Stocks in China fill today. The Shanghai composite index fell 2.9% to 2655.66 closing at its lowest level since November 2014 and with losses accelerating late in the session. It’s off 48.6% since it peaked last June and is down 25% this year, on track for its worst monthly performance since October 2008. The smaller Shenzhen Composite Index fell 4.2%
New York Attorney General Eric Schneiderman has launched an antitrust probe of the National Football League and the way it sets ticket prices according to Bloomberg. It said Schneiderman is probing whether the NFL’s pricing rules for resales are illegal. The attorney general noted that the reselling practices harm consumers, because the NFL Ticket Exchange, a marketplace operated by Ticketmaster, can lead buyers to think they are paying market prices. The antitrust probe comes just 10 days before the Super Bowl, where average resale tickets have topped $5,000.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/asian-stocks-unsettled-as-markets-ponder-fed-statement-2016-01-27
http://www.marketwatch.com/story/nfl-tickets-under-antitrust-investigation-in-new-york-reports-2016-01-28
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