The KUIK Morning Market Report for Tuesday, December 27:
Markets are up.
Index
Direction
Change
Units
Time
Dow
Up
40
points
19,974
6:54 AM
S&P500
Up
0.4%
percent
2,273
Nasdaq Composite
Up
0.8%
percent
5,507
30 Year Treasury
Up
3
Basis Points
3.15
Annual Yield
The Federal Bureau of Investigation is probing how hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010, Reuters reported Friday. Senior FDIC officials believe the breach was sponsored by China’s military. Hackers gained access to dozens of computers including the workstation of former FDIC Chairwoman Sheila Bair.
United Parcel Service said it expects record e-commerce sales to create another record, when shoppers return an expected 1.3 million packages to retailers on National Returns Day Jan. 5. UPS said it expects to return more than 5.8 million packages in the first full week of January. Last January, shoppers returned more than 1 million packages on National Returns Day and 5 million packages in the peak week. The company’s Pulse of the Online Shopper survey found shoppers are experiencing improvements with how retailers cope with online returns. The survey found 70% of online shoppers made an additional purchase when they returned an item to a store, and 45% make one when processing a return.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
