| The KUIK Morning Market Report for Monday, August 19: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (3) | points | 15,078 | 6:59 AM | ||
| S&P500 | Up | 0.10% | percent | 1,658 | 1.69 | ||
| Nasdaq Composite | Up | 0.34% | percent | 3,615 | 12.31 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.87 | Annual Yield | ||
| Tech stocks are modestly higher this morning, led by gains in shares of Intel and Facebook. Intel gained 2% to $22.38 after Piper Jaffray analyst Auguste Richard raised the stock’s rating to neutral from underweight, citing potential gains from the corporate market and the upcoming release of Windows 8.1. Facebook rose more than 1% to $37.49 after Evercore Partners analyst Ken Sena raised his price target to $45 from $34. | |||||||
| President Obama is scheduled to meet with financial regulators today to review the “progress that has been made in strengthening the financial system, including the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.” Critics say implementation of the law, now in its third year, is moving too slowly, with only 40% of the Dodd-Frank rules said to be in place. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/facebook-intel-lead-tech-stocks-higher-2013-08-19?dist=markets | |||||||
| http://www.marketwatch.com/story/obama-to-meet-regulators-over-wall-street-reforms-2013-08-19 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||