| The KUIK Market Update for Friday, June 27: | |||||||
| Markets are mixed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (20) | points | 16,826 | 7:58 AM | ||
| S&P500 | Down | 0.0% | percent | 1,956 | (0.78) | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,382 | 2.83 | ||
| 30 Year Treasury | Down | (0) | Basis Points | 3.34 | Annual Yield | ||
| Freddie Mac reports that the average rate on a 30 year fixed rate mortgage was 4.14% in the week ended June 26, down from 4.17 percent last week. A year ago it was 4.46%. The fifteen year fixed was 3.22% down from 3.30 percent last week. | |||||||
| Consumer sentiment rose to a final June reading of 82.5 up from May’s final 81.9, according to the University of Michigan and Thomson Reuters. Economists polled by MarketWatch expected 81.9. Economists watch sentiment to tell the direction of consumer spending. | |||||||
| Nike said its fiscal fourth-quarter earnings rose 5.4%, helped by the company’s broad revenue growth across almost all its markets. Shares are up 2% to $78.40. For the period ended May 31, Nike reported a profit of $698 million, up from $662 million a year earlier. Earnings from continuing operations rose to 78 cents a share from 76 cents. Analysts polled by Thomson Reuters expected 75 cents. Revenue increased 11% to $7.43 billion. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.huntingtonnews.net/90166 | |||||||
| http://www.marketwatch.com/story/consumer-sentiment-rises-in-june-reports-2014-06-27?link=MW_story_latest_news | |||||||
| http://www.marketwatch.com/story/nikes-profit-up-on-broad-based-revenue-growth-2014-06-26 | |||||||
| For today’s Market Update Report click to listen-> | |||||||