The KUIK Closing Market Report for Thursday, December 14:
Markets finished down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(77)
points
24,509
1:33 PM
S&P500
Down
-0.4%
percent
2,652
(1.26)
Nasdaq Composite
Down
-0.3%
percent
6,857
13.48
30 Year Treasury
Down
(2)
basis points
2.71
Annual Yield
Target announced it is stepping up its efforts to compete with Amazon and Wal-Mart by acquiring same-day delivery service Shipt. Chief Operating Officer John Mulligan said in a statement that the $550 million all cash deal will help Target offer affordable same-day delivery more quickly. The serice is expected to be available at the majority of Target’s 1800 stores by the 2018 holiday season.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
