| The KUIK Market Update for Monday, July 7: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (54) | points | 17,014 | 7:55 AM | ||
| S&P500 | Down | -0.3% | percent | 1,979 | (6.71) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,466 | (19.83) | ||
| 30 Year Treasury | Down | (4) | Basis Points | 3.45 | Annual Yield | ||
| European stock markets fell today after a steep drop in German industrial production sparked worries that Europe’s economy is losing steam. The Stoxx Europe 600 index fell 0.5% to 346.28, after closing out last week with the biggest weekly advance since March. Germany’s DAX 30 index fell 0.3% to 9,978.31. Industrial production in Germany dropped 1.8% in May, for the biggest monthly slide since April 2012. Economists expected it to be flat. | |||||||
| The Transportation Safety Administration says that i you travel overseas by air, keep your electronic devices charged. Passengers boarding U.S.-bound flights at more than a dozen airports in Europe, Africa, and the Middle East,may be asked to turn on electronic devices including cellphones, and won’t be allowed to bring on the plane any devices that are out of battery power. The shift reflects new concerns about the ability of potential attackers to create nonmetallic bombs by using electronic devices as shells that might not be detected during the usual airport screening process. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/european-stocks-weak-after-german-data-spur-concerns-2014-07-07?dist=markets | |||||||
| http://www.marketwatch.com/story/tsa-tightens-security-for-cellphones-on-us-bound-flights-2014-07-07?dist=lcountdown | |||||||
| For today’s Market Update Report click to listen-> | |||||||