Market Update Report 10/3/2017

The KUIK Market Update for Tuesday, October 3:
Markets are up.
Index Direction Change Units Index Time Change
Dow Jones Industrial Average Up 54 points 22,611 7:18 AM
S&P500 Up 0.0% percent 2,530 0.87
Nasdaq Composite Down -0.1% percent 6,513 (3.30)
30 Year Treasury Up 1 Basis Points 2.88 Annual Yield
Shares of MGM Resorts International are down slightly to $30.61. Susquehanna Financial cut its its bullish stance on the hotel and casino operator, citing concerns that the mass shooting in Las Vegas could have a negative effect on bookings and profits in the coming months. Analyst Rachael Rothman cut her rating to neutral, after being at positive for at the past three years. She cut her price target to $33, from $38.
Tiffany & Co. purchased the screenplay for the Audrey Hepburn classic "Breakfast at Tiffany’s" for about $847,000, at Christine’s in London, a record for a film script. The screenplay, which includes annotations from the actress, was expected to sell for$77,000 to $110,000, according to The New York Times. "Breakfast at Tiffany’s is such a significant work in cinematic history, and we’re proud to have secured this important script for our expansive archives as a way to celebrate Tiffany’s popular culture legacy," said Chief Brand Officer Caroline Naggiar in a statement.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/mgm-resorts-downgraded-as-las-vegas-tragedy-leads-to-lower-outlook-2017-10-03
http://www.marketwatch.com/story/tiffany-co-pays-record-price-for-breakfast-at-tiffanys-screenplay-2017-10-03
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