The KUIK Closing Market Report for Friday, January 12:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
228
points
25,803
2:40 PM
S&P500
Up
0.7%
percent
2,786
Nasdaq Composite
Up
0.7%
percent
7,261
30 Year Treasury
Down
(1)
Basis Points
2.89
Annual Yield
Wal-Mart Stores said it will take about a 14 cents-per-share charge mostly in the fourth quarter for reorganizing Sam’s Club and closing 63 stores. Twelve of the 63 locations will be converted to e-commerce fulfillment centers and 597 stores will remain. Sam’s CEO John Furner said the company is working to place as many displaced associates as possible to other locations. About 10,000 jobs will be affected, according to The Wall Street Journal.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
