The KUIK Morning Market Report for Monday, October 2:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
61
points
22,465
7:18 AM
S&P500
Up
0.3%
percent
2,528
8.34
Nasdaq Composite
Up
0.5%
percent
6,527
31.22
30 Year Treasury
Unchanged
–
Basis Points
2.86
Annual Yield
More than 50 people are dead and over 400 injured after a gunman opened fire from the 32nd floor of the Mandalay Bay Casino on a crowd at a country-music concert in Las Vegas Sunday evening, in the deadliest attack on U.S. soil since the attacks on New York and Washington, D.C. of September 11, 2001. Shares of Mandalay owner MGM Resorts International are off 3.3%. While gun stocks are up.
Spanish province Catalonia’s independence referendum descended into violence and chaos over the weekend, sparking fears of a political crisis in Spain and the EU, and spooking investors out of Spanish assets. The IBEX 35 index fell 1.4% to 10,242.10, on track for its biggest one-day loss since August. It underperformed the Stoxx Europe 600 which rose 0.3%. The yield on 10-year Spanish government bonds rose 7 basis points and the euro fell -0.6179%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
