The KUIK Closing Market Report for Wednesday, July 12:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
123
points
21,532
2:42 PM
S&P500
Up
0.7%
percent
2,443
17.72
Nasdaq Composite
Up
1.1%
percent
6,261
67.87
30 Year Treasury
Down
(3)
basis points
2.89
Annual Yield
The Securities and Exchange Commission charged research scientist Fei Yan with insider trading on confidential information about Mattress Firm Holding Corp. and Stillwater Mining following public announcements that they would be acquired by other companies. Yan allegedly searched the internet for "how sec detect unusual trade" before making a trade that the SEC identified as suspicious through new market surveillance tools. He also allegedly attempted to conceal the trades by using his mother’s brokerage account in China. U.S. Attorney’s Office for the Southern District of New York announced criminal charges against Yan.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
