Morning Market Report 3/30/2018

  

The KUIK Morning Market Report for Friday, March 30:

   

Markets are closed in honor of Good Friday, but here are some of the stories we are following:

 

Index

Direction

Change

Units

Index

Time

Change

Dow Jones Industrial Average

Unchanged

points

6:46 AM

S&P500

Unchanged

percent

Nasdaq Composite

Unchanged

percent

           (1.50)

30 Year Treasury

Unchanged

Basis Points

Annual Yield

 

Microsoft broke Windows. The company unveiled a major reorganization around 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 final scheduled meeting with founder Bill Gates.

Asian shares climbed Friday, picking up on Wall Street’s big gain yesterday, though many markets in the region are closed. Shares in Japan led the way with gains of 1.4%, followed by stocks in South Korea +0.39%  , Taiwan , +0.56%   and Shenzhen +1.29%. Markets in Hong Kong, Australia, Singapore, and New Zealand were closed for Good Friday. Export-oriented tech stocks in Japan helped lift the Nikkei following overnight buying of major American tech stocks that have been battered in the past week by concerns about additional regulatory oversight.

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.

 

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/nadella-breaks-up-windows-and-proves-it-isnt-bill-gatess-microsoft-anymore-2018-03-29

www.marketwatch.com/story/asian-stocks-rise-as-many-markets-close-for-holiday-2018-03-29

www.marketwatch.com/story/americans-are-giving-up-facebook-and-twitter-for-lent-or-thats-what-they-say-2018-02-14

For today’s Morning Market Report click to listen->