The KUIK Closing Market Report for Wednesday, May 3:
Markets were mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
8
points
20,958
9:33 AM
S&P500
Up
-0.1%
percent
2,388
3.19
Nasdaq Composite
Up
-0.4%
percent
6,073
7.42
30 Year Treasury
Up
(3)
basis points
2.95%
Annual Yield
U.S. stocks fell in early trading on Wednesday, a day after Apple Inc. reported disappointing revenue and gave a sales forecast that was below expectations. The tech-heavy Nasdaq was particularly pressured by Apple, the largest U.S. company by market capitalization, which fell 1.5%. Stock benchmarks remained in negative territory Wednesday after the Federal Reserve left interest rates unchanged.
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
