| The KUIK Morning Market Report for Wednesday, August 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (79) | points | 15,440 | 7:03 AM | ||
| S&P500 | Down | -0.62% | percent | 1,687 | (10.57) | ||
| Nasdaq Composite | Down | -0.46% | percent | 3,648 | |||
| 30 Year Treasury | Down | (2) | Basis Points | 3.71 | Annual Yield | ||
| Bloomberg reports U.S. stocks declined, extending a drop in the Standard & Poor’s 500 to a third day, on investor speculation the Federal Reserve will cut back on bond purchases as the economy strengthens. First Solar tumbled 11 percent after the largest U.S. solar-panel manufacturer said profit fell. Zillow dropped 9.1 percent after reporting a second-quarter loss. Walt Disney. dropped 3.1 percent after third-quarter profit was little changed from the same time a year earlier. Time Warneris up 2.5 percent as earnings exceeded analyst estimates. | |||||||
| Asian stock markets ended lower due on monetary-policy concerns on the Fed’s bond buying. Japanese shares fell the most in nearly two months as exporters took a heavy hit from the yen’s strength. The blue-chip Nikkei plunged 4% in Tokyo, its worst one-day percentage loss since June 13, while Australia’s S&P/ASX 200 fell 1.9%, and South Korea’s Kopsi gave up 1.5% | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/2013-08-07/u-s-stock-futures-fall-as-investors-weigh-fed-tapering.html | |||||||
| http://www.marketwatch.com/story/asia-stocks-track-us-lower-yen-slaps-japan-2013-08-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||