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.
