| The KUIK Morning Market Report for Friday, July 26: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (61) | points | 15,495 | 7:48 AM | ||
| S&P500 | Down | -0.72% | percent | 1,678 | (12.13) | ||
| Nasdaq Composite | Down | -0.25% | percent | 3,596 | 4.45 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.64 | Annual Yield | ||
| Consumer sentiment in July rose to 85.1, marking the highest level in six years, according to the final University of Michigan/Thomson Reuters Consumer Sentiment poll. Economists expected 84.0. | |||||||
| Tech stocks are mostly in the red, led by big losses from Zynga and online-travel site Expedia. Zynga shares fell more than 17%, to $2.90, while Expedia dropped 26%, to $47.95 a share after both companies reported disappointing quarterly results late yesterday. Amazon.com had a mixed earnings report, is down $1.13 a share at $302.25. | |||||||
| President Obama appears to be leaning toward his former economic adviser Larry Summers as his pick for the next chairman of the Federal Reserve, but he’s facing opposition from fellow Democrats worried about Summers’s track record, according to the Washington Post. The White House is currently gauging the level of pushback over Summers, who some Democrats oppose for his role in undoing Wall Street regulation when he served as Treasury secretary late in the Clinton administration | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-in-july-hits-6-year-high-2013-07-26 | |||||||
| http://www.marketwatch.com/story/zynga-expedia-losses-set-tone-for-tech-stocks-2013-07-26?dist=markets | |||||||
| http://www.marketwatch.com/story/some-democrats-oppose-summers-pick-for-fed-report-2013-07-25 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||