| The KUIK Market Update for Friday, March 21: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 104 | points | 16,436 | 9:03 AM | ||
| S&P500 | Up | 0.40% | percent | 1,880 | |||
| Nasdaq Composite | Down | -0.25% | percent | 4,308 | |||
| 30 Year Treasury | Down | (2) | Basis Points | 3.64% | Annual Yield | ||
| Nike shares are down 4% to $76.06. the company generates more than half of its sales outside of North America. On yesterday’s earnings call it said a stronger dollar will continue to hurt its results this quarter. Foreign currencies “headwinds have been a significant drag on (per-share profit) growth this year and we expect to face ongoing pressures in the” fourth quarter and into next year, said Chief Financial Officer Don Blair. Nike’s sales in the fiscal third quarter ended Feb. 28 rose 13% to $7 billion, but they would have been up 14% without the currency impact. | |||||||
| Gold futures stepped higher on Friday, recovering a little from a four-session losing streak on the back of a weaker U.S. dollar, but the metal’s prices were still poised for their worst weekly loss since November. April gold is up 0.5%, to $1,337.70 an ounce on the Comex division of the New York Merc. | |||||||
| Mt. Gox Chief Executive Mark Karpelès said in a document released today that the firm found 200,000 missing bitcoins in a digital wallet that the company no longer uses. That brought the number of bitcoins still missing to roughly 650,000 from about 850,000. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/investing/stock/nke | |||||||
| http://www.marketwatch.com/story/gold-rises-still-on-pace-for-weekly-drop-2014-03-21?dist=markets | |||||||
| http://www.marketwatch.com/story/mt-gox-finds-200000-bitcoins-it-thought-were-lost-2014-03-21 | |||||||
| For today’s Market Update Report click to listen-> | |||||||