| The KUIK Market Update for Monday, June 24: | |||||||
| Markets are down but up from their lows. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (187) | points | 14,612 | 7:46 AM | ||
| S&P500 | Down | -1.52% | percent | 1,568 | (24.16) | points | |
| Nasdaq Composite | Down | -1.38% | percent | 3,311 | |||
| 30 Year Treasury | Up | 4.70 | Basis Points | 3.61 | Annual Yield | ||
| The Chinese stock market is hurting the US. The Shanghai Composite had its worst one-day percentage loss in nearly four years, plunging 5.3% to end at 1,963.24 — its first close below 2,000 December and the worst day since a 6.7% drop in August 2009. The Shenzhen Composite Index fell 6.1% to 881.87. Short-term interbank interest rates in Shanghai hit record highs last Thursday. They fell back but are still above 6%, according to Dow Jones . | |||||||
| Twinkies are making a comeback. Hostess Brands the bakery company emerging from a second bankruptcy proceeding in four years, will startselling its snack cake, the Twinkie, nationwide in the U.S. on July 15 | |||||||
| Goldman Sachs today cut its outlook on gold prices for this year and next, citing growing price risks from an improving economy. The bank now expects gold to end this year at $1,300 a troy ounce, down 9.4% on its previous forecast. It sees gold ending 2014 at $1,050 an ounce, down 17.3% on its earlier outlook | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/japan-stocks-rise-on-yen-australia-retreats-2013-06-23?link=MW_popular | |||||||
| http://www.bloomberg.com/news/2013-06-23/hostess-s-twinkies-back-on-u-s-store-shelves-nationwide-in-july.htm | |||||||
| http://www.marketwatch.com/story/goldman-cuts-2013-2014-gold-forecasts-2013-06-24?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||