January 17, 2017

Closing Market Report 1/17/2017

The KUIK Closing Market Report for Tuesday, January 17:

Markets were down.

Index	Direction	Change	Units	Index	Time	Change
Dow	Down	(59)	points	19,827	2:11 PM
S&P500	Down	-0.3%	percent	2,268		(6.75)
Nasdaq Composite	Down	-0.6%	percent	5,539		(35.39)
30 Year Treasury	Down	(5)	basis points	2.93	Annual Yield

Shares of Qualcomm closed down 4% today as the Federal Trade Commission filed a complaint against the chipmaker for tactics to maintain a monopoly on chips used in cell phones and other consumer products. Qualcomm shares finished at $64.19, and up 0.3% in after-hours activity. In a statement, the FTC alleged Qualcomm “has used its dominant position as a supplier of certain baseband processors to impose onerous and anticompetitive supply and licensing terms on cell phone manufacturers and to weaken competitors.”

Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.

http://www.marketwatch.com/story/qualcomm-shares-close-4-lower-on-ftc-monopoly-complaint-2017-01-17

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