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The KUIK Market Update for Friday, March 30: |
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Markets are closed in honor of Good Friday, but here are some of the stories we are following: |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Unchanged |
points |
6:59 AM |
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S&P500 |
Unchanged |
percent |
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Nasdaq Composite |
Unchanged |
percent |
(1.50) |
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30 Year Treasury |
Unchanged |
Basis Points |
Annual Yield |
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Microsoft unveiled a major reorganization for its Azure cloud-computing business and Office software suite Thursday, breaking its legacy Windows business into pieces. Terry Myerson, executive vice president of the Windows and devices group, will leave Microsoft after 21 years, and wrote In a LinkedIn post that it was an “emotional day” that included a meeting with Bill Gates. |
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Giving up social networking was a popular move for Lent this year, according to an analysis from the website OpenBible. The site analyzed more than 4,000 tweets during the week of Feb. 11 to find out what Twitter users are giving up for the Catholic season of abstinence. Lent started this year on Feb. 14 and lasts until Easter Sunday, April 1. |
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Major cryptocurrencies took another leg lower overnight as the selling continues, sending most of them to fresh multimonth lows. Bitcoin hit an overnight low of $6,618, trading near a major technical support level. The overnight slump took the total value of all cryptocurrencies toward $250 billion, and at one point it shed $20 billion in six hours. The carnage culminated when OKEx—a Hong Kong-based crypto trading platform—was forced to roll back transactions after its futures markets plunged, trading up to $2000 below the cash market in what the company called “irregular” activity. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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For today’s Market Update Report click to listen-> |
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