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The KUIK Market Update for Wednesday, March 28: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
11 |
points |
23,868 |
7:39 AM |
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S&P500 |
Down |
-0.2% |
percent |
2,607 |
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Nasdaq Composite |
Down |
-0.7% |
percent |
6,957 |
(1.50) |
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30 Year Treasury |
Down |
(1) |
Basis Points |
3.02 |
Annual Yield |
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The Commerce Department reports the economy grew at at 2.9% annual pace, revised up from 2.5% in the fourth quarter of 2017, reflecting the biggest increase in consumer spending in three years and higher investment in business inventories. Economists expected 2.8%. |
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Marketwatch reports Walmart the biggest retail outlet for magazines in the country, is banning Cosmopolitan from its front checkout counters and moving it to more obscure store locations where its racy covers and hot sex tips are obscured. The magazine has long been the most profitable title for Heast Publishing, but sales have fallen. As recently as December 2014, it sold on average 576,550 copies a month on newsstands and at checkout counters. By December of last year, its single-copy sales had tumbled 67 percent, to 190,487. You go, Cosmo Girl. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/4th-quarter-gdp-raised-to-29-from-25-2018-03-28 |
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For today’s Market Update Report click to listen-> |
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