| The KUIK Market Update for Friday, September 13: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 54 | points | 15,354 | 7:58 AM | ||
| S&P500 | Up | 0.16% | percent | 1,686 | 2.71 | ||
| Nasdaq Composite | Down | -0.12% | percent | 3,711 | (4.54) | ||
| 30 Year Treasury | Down | (1) | Basis Points | 3.83 | Annual Yield | ||
| The Commerce Department reported retail sales climbed a seasonally adjusted 0.2% last month. That was the smallest increase since April and below the MarketWatch forecast of a 0.5% increase. However increase in sales for July was revised up to 0.4% from 0.2%. | |||||||
| Twitter plans to go public. The San Francisco-based social-media network said yesterday that it has filed papers as part of a plan for an initial public offering. The announcement was made via the company’s own official Twitter account of course with the disclaimer: “This tweet does not constitute an offer of any securities for sale.” | |||||||
| The University of Michigan/Thomson Reuters consumer-sentiment index fell to a preliminary September reading of 76.8 — the lowest level since April — from August’s final 82.1 which was the highest level in six years. Rising interest rates and their impact on the housing market resulted in the decline in sentiment. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/sales-at-us-retailers-soften-in-august-2013-09-13 | |||||||
| http://www.marketwatch.com/story/twitter-files-confidential-papers-for-ipo-2013-09-12-171034128 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-hits-five-month-low-2013-09-13?dist=lcountdown | |||||||
| For today’s Morning Market Report click to listen-> | |||||||