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The KUIK Market Update for Wednesday, March 14: |
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Markets are mixed. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(99) |
points |
24,908 |
8:09 AM |
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S&P500 |
Down |
-0.1% |
percent |
2,762 |
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Nasdaq Composite |
Up |
0.0% |
percent |
7,514 |
3.00 |
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30 Year Treasury |
Down |
(2) |
Basis Points |
3.08 |
Annual Yield |
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The Commerce Department reports sales at retailers fell 0.1% in February. That was the third monthly drop in a row and the first time that’s happened since 2012. Economists expected a 0.4% increase. Sales actually rose 0.3% if autos and gas are taken out. Gas station receipts dropped 1.2%,while sales at auto dealers fell 0.9%. Department store slaes also fell 0.9% drop while while internet retailers rose 1% . |
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The Securities and Exchange Commission and the U.S. Attorney’s Office for the Northern District of Georgia announced civil and criminal insider trading charges against Jun Ying, who allegedly used confidential information entrusted to him by the company to figure out that Equifax had suffered a serious breach. The SEC alleges that before Equifax’s public disclosure of the data breach, Ying exercised all of his vested Equifax stock options and then sold the shares, reaping proceeds of nearly $1 million.By selling before the public disclosure, Ying avoided more than $117,000 in losses. Despite the breach, shares of Equifax have risen by 4.7% so far in 2018. |
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Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK. |
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www.marketwatch.com/story/us-retail-sales-fall-for-third-month-in-a-row-2018-03-14 |
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www.marketwatch.com/story/insider-trading-charges-brought-against-former-equifax-employee-2018-03-14 |
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For today’s Market Update Report click to listen-> |
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