Market Update Report 2/13/2018

The KUIK Market Update for Tuesday, February 13:

Markets are down.

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Down

                  (112)

points

          24,489

7:49 AM

S&P500

Down

-0.3%

percent

            2,647

Nasdaq Composite

Down

-0.1%

percent

            6,975

30 Year Treasury

Unchanged

                     –  

Basis Points

              3.14

Annual Yield

Small-business optimism measured by the National Federation of Independent Businesses climbed two points to 106.9 in January. Economists expected 105.5. The number of respondents saying “now is a good time to expand” hit an all-time high. The federation said January’s bounce was due to Congress and the White House “tackling the biggest concerns of small business owners – high taxes and regulations. But according to respondents, finding qualified workers is actually their biggest problem.

Instinet analyst Jeffrey Kvaal wrote Tuesday that he sees "new drivers brewing" for Apple even as iPhone X demand seems to be falling short of the company’s initial expectations. In a note to clients, Kvaal argued that the "era of supercycle may be over," but he’s optimistic that secondhand phone sales will grow Apple’sinstalled base and "services – and perhaps the Watch – can emerge as meaningful drivers by ~2020." He kept a neutral rating on the stock.

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www.marketwatch.com/story/small-business-sentiment-throttles-higher-as-plans-to-expand-hit-record-high-nfib-says-2018-02-13

www.marketwatch.com/story/third-straight-win-for-us-stocks-in-doubt-as-dow-futures-tumble-more-than-100-points-2018-02-13

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