The KUIK Morning Market Report for Wednesday, February 24:
Markets are down.
Index Direction Change Units Time
Dow Down (224) points 16,208 6:00 PM
S&P500 Down -1.3% percent 1,896
Nasdaq Composite Down -1.5% percent 4,434
30 Year Treasury Down (6) Basis Points 2.54 Annual Yield
Facebook users now have access to a wider range of emotions starting today. Instead of just “liking” a post on Facebook users worldwide are now able to use images that say “Love,” “Haha,” Wow,” “Sad” or “Angry.” Facebook had rolled out a beta version of the reactions in October, starting in Ireland and Spain. The company opted not to include a“dislike” button, after users fretted that it would encourage bullying and negativity. Facebook has recently introduced other new features, including moving profile pictures. Facebook shares are off 1.7% to $103.63. Sad face.
The Markit flash U.S. services purchasing managers index fell to a seasonally adjusted reading of 49.8 down from 53.2 in January, for the worst reading since the government shutdown in October 2013. Readings below 50 indicates more respondents said conditions were getting worse than getting better. Markit said softer new-order growth, uncertainty about the economy, and disruptions from heavy snowfall on the east coast weighed on the index.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/facebook-launches-reaction-buttons-to-expand-on-liking-a-post-2016-02-24
http://www.marketwatch.com/story/services-gauge-drops-below-50-level-to-28-month-low-2016-02-24
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