| The KUIK Morning Market Report for Tuesday, June 10: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (28) | points | 16,915 | 7:01 AM | ||
| S&P500 | Down | -0.2% | percent | 1,948 | (3.68) | ||
| Nasdaq Composite | Down | -0.2% | percent | 4,328 | (8.39) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.47 | Annual Yield | ||
| A Senate subcommittee next week will hold a hearing about high-speed trading and conflicts of interest in the U.S. stock markets. The Senate’s Permanent Subcommittee on Investigations will hold the hearing June 17 and take testimony from to-be-announced representatives of stock exchanges and brokerage firms. | |||||||
| Oil futures are trading at their highest level since early March, defending gains scored in the previous session as global economic data boosted demand expectations. July Nymex WTI crude oil rose 0.3%, to settle at $104.69 a barrel. Marketwatch reports recent data supports oil prices, including last Friday’s U.S. nonfarm payrolls report for May, an upward revision to Japanese economic growth, and Chinese trade data. Strategists said a decision by Chinese authorities to loosen reserve requirements for the nation’s banks also boosted sentiment. | |||||||
| Gold futures extended their rebound today, as traders wait on economic data coming later in the week. August gold is up 0.6%, to $1,261.50 an ounce. Gold was hammered in late May and early June, dropping to four-month lows. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/senate-panel-to-hold-high-speed-trading-hearing-2014-06-09 | |||||||
| http://www.marketwatch.com/story/oil-flirts-with-105-on-rising-demand-expectations-2014-06-10?dist=markets | |||||||
| http://www.marketwatch.com/story/gold-extends-bounce-rises-above-1260-2014-06-10?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||