Closing Market Report 1/6/2014

The KUIK Closing Market Report for Monday, January 6:
Markets finished down.
Direction Change Units  Last  Time Change
Dow Down                    (45) points           16,470 1:39 PM
S&P500 Down -0.25% percent             1,827       (4.60)
Nasdaq Composite Down -0.44% percent             4,114     (18.23)
30 Year Treasury Down                      (3) Basis Points               3.90 Annual Yield
Stocks fell after the Institute for Supply Management reported its services index for December dropped to 53% from 53.9% in November. Economists expected 55.0%. The big worry was the new-orders index fell 7 points to a reading of 49.4%, the first contraction since July 2009. 
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/ism-services-index-lags-as-new-orders-fall-2014-01-06
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