The KUIK Morning Market Report for Monday, April 10:
Markets are up.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Up
49
points
20,706
7:07 AM
S&P500
Up
0.4%
percent
2,364
8.80
Nasdaq Composite
Up
0.4%
percent
5,903
25.24
30 Year Treasury
Unchanged
–
Basis Points
3.00
Annual Yield
President Trump announced Friday that he will nominate Kevin Hassett, an expert in tax policy and one of the most prominent economists at the conservative American Enterprise Institute, to serve as the chairman of the Council of Economic Advisers.
Indian e-commerce startup Flipkart has raised $1.4 billion from Microsoft , eBay, and Tencent Holdings, taking a hit to its valuation to raise the cash it needs to defend its home market from Amazon.com. Flipkart was started in 2007 by two former Amazon employees. it said in a statement that the new investment values the Bangalore company at $11.6 billion. Flipkart keeps its title as India’s most valuable startup but is still a step down from the $15 billion valuation it received during it 2015 funding round.
The FTSE 100 is flat at 7,350. Basic materials, tech and consumer services are higher, but, oil and gas, industrial, consumer goods and utility issues fell.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
