The KUIK Closing Market Report for Tuesday, August 22:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
196
points
21,900
2:41 PM
S&P500
Up
1.0%
percent
2,453
24.14
Nasdaq Composite
Up
1.4%
percent
6,297
84.35
30 Year Treasury
Up
3
basis points
2.79
Annual Yield
Facebook usage among U.S. users between the ages of 12 and 17 is expected to drop for the first time this year, falling 3.4% from2016 according to eMarketer. While that drop gives Snap an edge, teens are spending more time on Instagram, also owned by Facebook. This is the first time eMarketer has predicted any kind of decline in Facebook usage, and they also see usage slowing among users under the age of 12 and users between the ages of 18 and 24. But where the children go, the parents and grandparents will follow.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
